Honda Motor Co., Ltd. (NYSE:HMC) Sees Large Increase in Short Interest

Honda Motor Co., Ltd. (NYSE:HMC) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,380,000 shares, a growth of 7.2% from the May 31st total of 2,220,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 854,900 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HMC. GAMMA Investing LLC lifted its holdings in shares of Honda Motor by 23.0% during the 1st quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock valued at $62,000 after acquiring an additional 313 shares in the last quarter. RFP Financial Group LLC lifted its stake in shares of Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 316 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of Honda Motor by 1.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,162 shares of the company’s stock worth $623,000 after buying an additional 326 shares during the period. Gallacher Capital Management LLC grew its stake in shares of Honda Motor by 2.6% in the first quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock valued at $498,000 after buying an additional 336 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Honda Motor by 2.6% during the 1st quarter. Fifth Third Bancorp now owns 14,105 shares of the company’s stock valued at $525,000 after buying an additional 360 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Trading Up 0.2 %

Shares of HMC stock opened at $32.48 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13. The firm has a 50-day moving average price of $33.06 and a 200 day moving average price of $33.79. Honda Motor has a twelve month low of $29.05 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Friday, May 10th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.55. The business had revenue of $36.56 billion during the quarter, compared to the consensus estimate of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. As a group, equities research analysts expect that Honda Motor will post 4.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

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.