Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Decreases By 8.4%

Honda Motor Co., Ltd. (NYSE:HMCGet Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,850,000 shares, a decline of 8.4% from the August 15th total of 2,020,000 shares. Based on an average daily trading volume, of 836,200 shares, the short-interest ratio is presently 2.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in shares of Honda Motor during the 2nd quarter valued at about $8,635,000. New Wave Wealth Advisors LLC acquired a new stake in Honda Motor during the 2nd quarter worth approximately $573,000. Point72 Asset Management L.P. acquired a new stake in Honda Motor during the 2nd quarter worth approximately $172,000. B. Riley Wealth Advisors Inc. acquired a new stake in Honda Motor during the 2nd quarter worth approximately $1,247,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Honda Motor by 10.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 30,918 shares of the company’s stock worth $997,000 after purchasing an additional 2,879 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

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

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Honda Motor Price Performance

NYSE:HMC opened at $31.73 on Thursday. The firm has a market cap of $54.28 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average is $31.53 and its two-hundred day moving average is $33.28. Honda Motor has a 12-month low of $27.69 and a 12-month high of $37.90.

Honda Motor (NYSE:HMCGet Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The company had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. Research analysts expect that Honda Motor will post 4.44 EPS for the current year.

About Honda Motor

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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.

Further Reading

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