Honda Motor Co., Ltd. (NYSE:HMC) Sees Large Decrease in Short Interest

Honda Motor Co., Ltd. (NYSE:HMC) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,340,000 shares, a decline of 16.8% from the September 15th total of 1,610,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 799,800 shares, the days-to-cover ratio is presently 1.7 days.

Honda Motor Stock Up 1.3 %

HMC stock traded up $0.40 during trading hours on Wednesday, reaching $31.07. 274,181 shares of the stock were exchanged, compared to its average volume of 894,676. The company has a market cap of $53.15 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 2.76 and a beta of 0.67. The firm’s 50-day moving average is $31.79 and its 200-day moving average is $32.70. Honda Motor has a 12 month low of $27.69 and a 12 month high of $37.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The firm had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. On average, equities research analysts expect that Honda Motor will post 4.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

Institutional Investors Weigh In On Honda Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mondrian Investment Partners LTD increased its holdings in Honda Motor by 20.9% during the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after buying an additional 896,048 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Honda Motor during the second quarter worth $8,635,000. Fisher Asset Management LLC raised its position in Honda Motor by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 9,644,064 shares of the company’s stock worth $298,098,000 after acquiring an additional 232,148 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Honda Motor during the second quarter worth $5,396,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Honda Motor during the second quarter worth $3,595,000. 5.32% of the stock is owned by institutional investors.

About Honda Motor

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.