Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 5,940,000 shares, a growth of 31.1% from the March 15th total of 4,530,000 shares. Currently, 0.4% of the company's stock are sold short. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 4.7 days.
Wall Street Analyst Weigh In
Several research firms recently issued reports on HMC. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a research report on Monday, April 14th. They issued a "market perform" rating on the stock.
View Our Latest Research Report on Honda Motor
Honda Motor Price Performance
NYSE:HMC traded up $0.12 during midday trading on Wednesday, hitting $29.91. 504,416 shares of the stock were exchanged, compared to its average volume of 1,072,351. The business has a 50-day moving average price of $28.17 and a two-hundred day moving average price of $28.15. Honda Motor has a one year low of $23.41 and a one year high of $34.99. The company has a market capitalization of $46.69 billion, a price-to-earnings ratio of 6.96 and a beta of 0.57. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.
Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion during the quarter, compared to analysts' expectations of $35.31 billion. Sell-side analysts predict that Honda Motor will post 3.99 EPS for the current year.
Institutional Investors Weigh In On Honda Motor
Several hedge funds have recently bought and sold shares of HMC. Asset Planning Inc acquired a new stake in shares of Honda Motor during the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Honda Motor in the 4th quarter valued at $26,000. R Squared Ltd bought a new stake in Honda Motor in the fourth quarter worth $30,000. Rothschild Investment LLC lifted its position in shares of Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after buying an additional 417 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Honda Motor in the third quarter worth $36,000. 5.32% of the stock is owned by hedge funds and other institutional investors.
About Honda Motor
(
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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.
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