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

Honda Motor Co., Ltd. (NYSE:HMC) 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.

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:HMC) 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

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.