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

Honda Motor Co., Ltd. (NYSE:HMCGet Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 29th, there was short interest totalling 1,420,000 shares, a growth of 15.4% from the February 14th total of 1,230,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 1.4 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ramirez Asset Management Inc. bought a new position in Honda Motor in the third quarter worth approximately $30,000. Pinnacle Bancorp Inc. grew its holdings in Honda Motor by 324.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock valued at $28,000 after purchasing an additional 691 shares during the period. Private Trust Co. NA increased its position in Honda Motor by 77.6% in the third quarter. Private Trust Co. NA now owns 975 shares of the company’s stock worth $33,000 after buying an additional 426 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Honda Motor during the 4th quarter valued at about $31,000. Finally, Allworth Financial LP grew its stake in shares of Honda Motor by 186.1% during the 3rd quarter. Allworth Financial LP now owns 1,153 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Up 2.3 %

Shares of HMC stock opened at $36.06 on Monday. The stock has a market capitalization of $61.68 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.40 and a beta of 0.71. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $34.09 and its 200 day moving average is $32.86. Honda Motor has a 12-month low of $24.91 and a 12-month high of $36.82.

Honda Motor (NYSE:HMCGet Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. The firm had revenue of $36.50 billion for the quarter, compared to the consensus estimate of $37.68 billion. Honda Motor had a return on equity of 8.04% and a net margin of 5.05%. Research analysts expect that Honda Motor will post 4.2 earnings per share for the current year.

Honda Motor Company Profile

(Get Free Report)

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.

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