Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Update

Honda Motor Co., Ltd. (NYSE:HMC) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,370,000 shares, an increase of 30.5% from the October 15th total of 1,050,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 748,700 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On Honda Motor

A number of institutional investors have recently made changes to their positions in HMC. Rothschild Investment LLC acquired a new position in shares of Honda Motor in the second quarter worth $28,000. LRI Investments LLC increased its stake in Honda Motor by 1,263.6% in the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 834 shares during the last quarter. Family Firm Inc. acquired a new position in Honda Motor in the second quarter valued at $35,000. Addison Advisors LLC increased its stake in Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Honda Motor by 15,153.8% in the second quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after purchasing an additional 1,970 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Stock Performance

Honda Motor stock opened at $25.79 on Friday. Honda Motor has a fifty-two week low of $25.57 and a fifty-two week high of $37.90. The company has a market capitalization of $44.12 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 2.69 and a beta of 0.67. The stock has a fifty day moving average of $30.94 and a two-hundred day moving average of $31.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. On average, analysts anticipate that Honda Motor will post 3.99 EPS for the current fiscal year.

Honda Motor Company Profile

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.