Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Up 30.5% in October

Honda Motor Co., Ltd. (NYSE:HMC) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,370,000 shares, an increase of 30.5% from the October 15th total of 1,050,000 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 748,700 shares, the short-interest ratio is presently 1.8 days.

Honda Motor Stock Up 0.2 %

HMC opened at $25.82 on Friday. Honda Motor has a 1-year low of $25.57 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. The company’s 50 day simple moving average is $30.70 and its two-hundred day simple moving average is $31.74.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The firm had revenue of $36.24 billion for the quarter, compared to analysts’ expectations of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Research analysts anticipate that Honda Motor will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

Institutional Trading of Honda Motor

Several large investors have recently bought and sold shares of HMC. M&T Bank Corp increased its position in shares of Honda Motor by 8.2% in the third quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock worth $250,000 after acquiring an additional 595 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in Honda Motor by 10.4% during the third quarter. Orion Portfolio Solutions LLC now owns 14,683 shares of the company’s stock valued at $466,000 after buying an additional 1,388 shares in the last quarter. Stifel Financial Corp boosted its stake in Honda Motor by 12.8% in the third quarter. Stifel Financial Corp now owns 95,005 shares of the company’s stock valued at $3,015,000 after acquiring an additional 10,778 shares during the period. Quantinno Capital Management LP grew its stake in Honda Motor by 37.2% during the 3rd quarter. Quantinno Capital Management LP now owns 184,404 shares of the company’s stock worth $5,851,000 after buying an additional 49,963 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Honda Motor by 16.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,065 shares of the company’s stock worth $351,000 after buying an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.