Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Increases By 30.5%

Honda Motor Co., Ltd. (NYSE:HMC) was the target of a significant increase in short interest in 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. Based on an average daily volume of 748,700 shares, the short-interest ratio is presently 1.8 days. Currently, 0.1% of the company’s shares are sold short.

Honda Motor Trading Up 0.2 %

Shares of Honda Motor stock opened at $25.82 on Friday. Honda Motor has a 52 week low of $25.57 and a 52 week high of $37.90. The stock’s fifty day moving average is $30.70 and its two-hundred day moving average is $31.74. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49.

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

Institutional Investors Weigh In On Honda Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp increased its stake in Honda Motor by 8.2% during the 3rd quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock valued at $250,000 after purchasing an additional 595 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Honda Motor by 10.4% in the third quarter. Orion Portfolio Solutions LLC now owns 14,683 shares of the company’s stock valued at $466,000 after purchasing an additional 1,388 shares during the period. Stifel Financial Corp increased its holdings in shares of Honda Motor by 12.8% in the third quarter. Stifel Financial Corp now owns 95,005 shares of the company’s stock valued at $3,015,000 after purchasing an additional 10,778 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Honda Motor by 37.2% in the third quarter. Quantinno Capital Management LP now owns 184,404 shares of the company’s stock valued at $5,851,000 after purchasing an additional 49,963 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Honda Motor by 16.5% in the third quarter. Integrated Wealth Concepts LLC now owns 11,065 shares of the company’s stock valued at $351,000 after purchasing an additional 1,564 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.