Honda Motor Co Ltd (HMC) Short Interest Update

Honda Motor Co Ltd (NYSE:HMC) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 880,677 shares, a growth of 51.7% from the September 28th total of 580,413 shares. Based on an average trading volume of 853,237 shares, the days-to-cover ratio is presently 1.0 days.

Shares of HMC stock opened at $28.43 on Friday. The firm has a market capitalization of $50.38 billion, a P/E ratio of 7.85, a PEG ratio of 2.76 and a beta of 1.03. Honda Motor has a one year low of $26.04 and a one year high of $37.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96.

Honda Motor (NYSE:HMC) last issued its earnings results on Tuesday, July 31st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.99 by $0.19. The firm had revenue of $4,024.10 billion during the quarter, compared to analysts’ expectations of $3,794.23 billion. Honda Motor had a return on equity of 9.25% and a net margin of 7.29%. Honda Motor’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $115.04 earnings per share. As a group, sell-side analysts predict that Honda Motor will post 3.62 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. ValuEngine cut Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Friday. Nomura cut Honda Motor from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. Finally, Zacks Investment Research raised Honda Motor from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.50.

A number of hedge funds have recently modified their holdings of HMC. Advisors Asset Management Inc. lifted its position in Honda Motor by 3,658.4% in the second quarter. Advisors Asset Management Inc. now owns 1,127,068 shares of the company’s stock worth $1,067,000 after purchasing an additional 1,097,080 shares during the period. American Century Companies Inc. lifted its position in Honda Motor by 8.8% in the third quarter. American Century Companies Inc. now owns 5,192,448 shares of the company’s stock worth $156,189,000 after purchasing an additional 421,005 shares during the period. Federated Investors Inc. PA lifted its position in Honda Motor by 249,459.5% in the second quarter. Federated Investors Inc. PA now owns 301,967 shares of the company’s stock worth $8,839,000 after purchasing an additional 301,846 shares during the period. Renaissance Technologies LLC lifted its position in Honda Motor by 26.8% in the second quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock worth $37,613,000 after purchasing an additional 271,936 shares during the period. Finally, Aperio Group LLC lifted its position in Honda Motor by 16.2% in the third quarter. Aperio Group LLC now owns 1,662,045 shares of the company’s stock worth $49,994,000 after purchasing an additional 231,580 shares during the period. 2.09% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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