Honda Motor Co., Ltd. (NYSE:HMC) Sees Significant Growth in Short Interest

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,370,000 shares, a growth of 30.5% from the October 15th total of 1,050,000 shares. Based on an average daily trading volume, of 748,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the shares of the company are sold short.

Honda Motor Price Performance

Shares of Honda Motor stock traded down $0.03 during midday trading on Friday, hitting $25.75. The company had a trading volume of 778,403 shares, compared to its average volume of 902,503. Honda Motor has a 1-year low of $25.57 and a 1-year high of $37.90. The business's 50 day simple moving average is $30.81 and its two-hundred day simple moving average is $31.79. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

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

Hedge Funds Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC grew its stake in shares of Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company's stock valued at $328,273,000 after purchasing an additional 227,890 shares during the last quarter. Equity Investment Corp increased its stake in shares of Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company's stock valued at $66,557,000 after buying an additional 36,221 shares during the period. FMR LLC raised its position in shares of Honda Motor by 52.5% during the third quarter. FMR LLC now owns 1,355,835 shares of the company's stock worth $43,021,000 after acquiring an additional 466,842 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Honda Motor by 10.3% during the second quarter. American Century Companies Inc. now owns 442,458 shares of the company's stock valued at $14,265,000 after acquiring an additional 41,216 shares during the period. Finally, Raymond James & Associates boosted its holdings in Honda Motor by 5.5% in the third quarter. Raymond James & Associates now owns 348,112 shares of the company's stock valued at $11,046,000 after acquiring an additional 18,134 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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.