Honeywell Aerospace (NASDAQ:HONA) Sees Significant Increase in Short Interest

Honeywell Aerospace (NASDAQ:HONA) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 10,574,095 shares, a growth of ∞ from the June 15th total of 0 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,780,211 shares, the days-to-cover ratio is presently 5.9 days.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HONA. BNP Paribas Exane began coverage on shares of Honeywell Aerospace in a report on Tuesday, June 30th. They issued a “neutral” rating and a $245.00 price objective on the stock. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. Evercore initiated coverage on Honeywell Aerospace in a report on Monday, July 13th. They set an “in-line” rating and a $250.00 price target on the stock. Finally, TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $251.40.

Honeywell Aerospace Stock Up 1.6%

NASDAQ HONA opened at $211.63 on Friday. Honeywell Aerospace has a 12 month low of $200.00 and a 12 month high of $297.50.

Honeywell Aerospace Company Profile

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.