Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Update

Honda Motor Co., Ltd. (NYSE:HMC) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,380,000 shares, an increase of 7.2% from the May 31st total of 2,220,000 shares. Based on an average daily volume of 854,900 shares, the short-interest ratio is currently 2.8 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Honda Motor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC lifted its holdings in shares of Honda Motor by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock worth $298,902,000 after acquiring an additional 258,160 shares during the period. Value Partners Investments Inc. increased its position in shares of Honda Motor by 72.8% during the 4th quarter. Value Partners Investments Inc. now owns 235,000 shares of the company’s stock worth $7,264,000 after purchasing an additional 99,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Honda Motor by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock worth $52,303,000 after purchasing an additional 141,552 shares in the last quarter. XY Capital Ltd increased its position in shares of Honda Motor by 81.0% during the 4th quarter. XY Capital Ltd now owns 302,099 shares of the company’s stock worth $9,338,000 after purchasing an additional 135,224 shares in the last quarter. Finally, FMR LLC increased its position in shares of Honda Motor by 5.5% during the 3rd quarter. FMR LLC now owns 783,040 shares of the company’s stock worth $26,341,000 after purchasing an additional 41,000 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Stock Performance

Honda Motor stock traded up $0.08 during mid-day trading on Wednesday, reaching $32.48. The company had a trading volume of 359,419 shares, compared to its average volume of 965,799. The company has a 50 day moving average of $33.06 and a 200-day moving average of $33.79. Honda Motor has a 52 week low of $29.05 and a 52 week high of $37.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Friday, May 10th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.55. The company had revenue of $36.56 billion during the quarter, compared to the consensus estimate of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. As a group, equities research analysts predict that Honda Motor will post 4.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 22nd.

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.