Honda Motor Co., Ltd. (NYSE:HMC) Stock Short Interest Report for September

Honda Motor Co., Ltd. (NYSE:HMC) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,380,686 shares, a growth of 70.5% from the September 15th total of 1,983,252 shares. Based on an average trading volume of 922,210 shares, the short-interest ratio is presently 3.7 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Honda Motor

Several hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. raised its stake in shares of Honda Motor by 38.2% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock worth $51,000 after purchasing an additional 518 shares in the last quarter. State of Wyoming lifted its stake in Honda Motor by 17.4% in the first quarter. State of Wyoming now owns 3,609 shares of the company’s stock valued at $88,000 after acquiring an additional 536 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Honda Motor by 268.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,968 shares of the company’s stock valued at $108,000 after acquiring an additional 2,892 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Honda Motor by 674.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,593 shares of the company’s stock valued at $125,000 after acquiring an additional 4,000 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Honda Motor by 9.4% in the 2nd quarter. Fifth Third Bancorp now owns 5,091 shares of the company’s stock valued at $138,000 after acquiring an additional 438 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. BNP Paribas Exane began coverage on Honda Motor in a report on Friday, September 18th. They set a “neutral” rating and a $34.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Honda Motor in a research note on Monday, August 31st. Finally, Wall Street Zen raised Honda Motor from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.00.

Honda Motor Trading Up 1.9%

HMC traded up $0.62 during trading on Thursday, reaching $34.08. 480,260 shares of the company’s stock were exchanged, compared to its average volume of 1,452,736. The company’s fifty day moving average price is $32.11 and its 200-day moving average price is $28.39. The firm has a market capitalization of $53.19 billion, a PE ratio of -48.66 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. Honda Motor has a fifty-two week low of $23.25 and a fifty-two week high of $34.18.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The company had revenue of $37.27 billion during the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. As a group, equities analysts forecast that Honda Motor will post 2.25 EPS for the current year.

About Honda Motor

Honda Motor Co, Ltd. is a Japanese manufacturer of automobiles, motorcycles and power products. The company’s automotive lineup includes passenger cars, sport utility vehicles, light trucks and electric vehicles sold primarily under the Honda brand, as well as luxury vehicles marketed through its Acura brand in select markets.

Honda also develops and sells motorcycles, all-terrain vehicles, generators, lawn and garden equipment, marine engines and other power products. Through Honda Aircraft Company, it produces HondaJet light business aircraft.