Honeywell Aerospace (NASDAQ:HONA) Short Interest Update

Honeywell Aerospace (NASDAQ:HONA) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 10,574,095 shares, an increase of ∞ from the June 15th total of 0 shares. Currently, 3.3% of the company’s stock are sold short. Based on an average trading volume of 1,780,211 shares, the short-interest ratio is presently 5.9 days.

Honeywell Aerospace Trading Up 2.4%

Shares of NASDAQ:HONA opened at $212.55 on Thursday. Honeywell Aerospace has a fifty-two week low of $200.00 and a fifty-two week high of $297.50.

Wall Street Analyst Weigh In

HONA has been the topic of a number of recent analyst reports. Argus began coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Morgan Stanley set a $235.00 price objective on Honeywell Aerospace in a report on Wednesday. BMO Capital Markets began coverage on Honeywell Aerospace in a research note on Thursday, July 2nd. They set an “outperform” rating and a $276.00 price objective on the stock. Wells Fargo & Company began coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 target price on the stock. Finally, Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $251.40.

Honeywell Aerospace is a business unit of Honeywell International that develops technologies and products for the aviation, defense, and space industries. Its portfolio includes avionics, propulsion systems, cockpit systems, connectivity solutions, auxiliary power units, and safety and navigation equipment used across commercial, military, and general aviation applications.

The company serves aircraft manufacturers, airlines, defense organizations, space operators, and maintenance providers around the world.