Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Update

Honda Motor Co., Ltd. (NYSE:HMC) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 2,470,000 shares, a decrease of 9.2% from the July 15th total of 2,720,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 870,300 shares, the days-to-cover ratio is presently 2.8 days.

Honda Motor Stock Up 2.4 %

NYSE:HMC traded up $0.75 during trading hours on Monday, reaching $32.47. 1,228,253 shares of the stock were exchanged, compared to its average volume of 958,917. The stock has a market cap of $55.54 billion, a PE ratio of 6.72, a PEG ratio of 2.81 and a beta of 0.68. Honda Motor has a twelve month low of $27.69 and a twelve month high of $37.90. The firm has a 50 day moving average of $31.58 and a 200 day moving average of $33.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The business had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. On average, equities analysts expect that Honda Motor will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Honda Motor by 23.0% in the 1st quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock valued at $62,000 after purchasing an additional 313 shares during the last quarter. RFP Financial Group LLC raised its stake in Honda Motor by 91.3% in the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 316 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Honda Motor by 1.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,162 shares of the company’s stock valued at $623,000 after buying an additional 326 shares during the last quarter. Gallacher Capital Management LLC boosted its stake in shares of Honda Motor by 2.6% during the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock worth $498,000 after acquiring an additional 336 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of Honda Motor by 3.4% during the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock worth $353,000 after acquiring an additional 359 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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.

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.