Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Decreases By 8.4%

Honda Motor Co., Ltd. (NYSE:HMC) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,850,000 shares, a decline of 8.4% from the August 15th total of 2,020,000 shares. Based on an average daily trading volume, of 836,200 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 11th.

Honda Motor Price Performance

Shares of NYSE HMC opened at $31.73 on Thursday. The firm has a market capitalization of $54.28 billion, a P/E ratio of 6.72, a PEG ratio of 2.88 and a beta of 0.67. Honda Motor has a one year low of $27.69 and a one year high of $37.90. The company’s fifty day moving average is $31.53 and its two-hundred day moving average is $33.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.19 by $0.38. The company had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. Analysts forecast that Honda Motor will post 4.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Institutional investors have recently made changes to their positions in the stock. RFP Financial Group LLC boosted its position in shares of Honda Motor by 91.3% in the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after buying an additional 316 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Honda Motor in the 1st quarter worth about $27,000. Rothschild Investment LLC purchased a new stake in shares of Honda Motor in the 2nd quarter worth about $28,000. LRI Investments LLC boosted its position in shares of Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after buying an additional 834 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Honda Motor in the 2nd quarter worth about $35,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

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.