Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Grows By 45.8%

Honda Motor Co., Ltd. (NYSE:HMC) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,230,000 shares, an increase of 45.8% from the November 30th total of 1,530,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in shares of Honda Motor by 22.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock valued at $1,832,000 after acquiring an additional 10,720 shares during the period. DGS Capital Management LLC lifted its stake in Honda Motor by 0.7% in the 3rd quarter. DGS Capital Management LLC now owns 95,092 shares of the company’s stock valued at $3,017,000 after purchasing an additional 668 shares during the last quarter. Logan Capital Management Inc. grew its holdings in Honda Motor by 4.3% during the third quarter. Logan Capital Management Inc. now owns 92,307 shares of the company’s stock worth $2,929,000 after purchasing an additional 3,817 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Honda Motor during the third quarter worth approximately $36,000. Finally, World Investment Advisors LLC bought a new stake in Honda Motor in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Down 0.9 %

Shares of Honda Motor stock traded down $0.25 on Monday, hitting $28.51. The company had a trading volume of 638,185 shares, compared to its average volume of 1,007,515. The stock has a 50-day moving average of $27.22 and a 200-day moving average of $30.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. Honda Motor has a twelve month low of $23.41 and a twelve month high of $37.90. The firm has a market capitalization of $48.77 billion, a P/E ratio of 7.04, a P/E/G ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. Research analysts predict that Honda Motor will post 4.09 earnings per share for the current year.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.