Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Decreases By 12.1%
of 18.8% from the May 30th total of 2,050,000 shares. Based on an average daily volume of 1,608,000 shares, the short-interest ratio is presently 1.0 days. Honda's stock dropped 18.8% in short interest in June.
( ) was the subject of a significant drop in short interest during the month of July. On June 30, there were 1,670,000 short shares, which is a 12.1% drop from the total of 1,900,000.000 shares on June 15. Around 0.1% of shares are shorted. The days-to-cover is 1.5 days based on an average daily share volume of 1,130,000.
Analyst Upgrades and downgrades
Recently, several equity analysts weighed in about the company. UBS Group downgraded Honda Motor to a "sell" rating from a "neutral" rating in a research report on Thursday, 7th July. In a report published on Thursday 18th May, Honda Motor was covered. The stock was given a rating of'strong-buy.' One analyst gave the stock a sell recommendation, another a hold recommendation, a third a buy recommendation, and a fourth a strong-buy rating. Recent changes in positions of large investors have occurred. Financial Management Professionals Inc. increased their position in Honda Motor shares by 1,148.3% over the first quarter. Financial Management Professionals Inc. owns 1,111 of the company’s shares worth $29,000, after buying an additional 1,022 in the last quarter. Credit Suisse AG increased its stake in Honda Motor during the third quarter by 3,638.7%. Credit Suisse AG owns 1,159 of the company’s shares valued at $25,000. This is after purchasing an additional 1,128 in the previous quarter. Quantbot Technologies LP acquired a stake in Honda Motor valued at approximately $39,000 during the first quarter. Vigilant Capital Management LLC bought a new stake of Honda Motor in the first quarter worth about $45,000. Ridgewood Investments LLC also purchased a stake in Honda Motor for $49,000 during the first quarter. Hedge funds and institutional investors own 5.57%.
Honda Motor Price Performance
Trading on Friday saw a $0.24 increase, bringing the price to $31.17. The trading volume was 820,300 compared to the average of 1,091,272. The stock's fifty-day simple moving is $29.98, and its two hundred day simple moving is $27.07. The company's quick ratio is 1.11, its current ratio is 1.44 and its debt-to equity ratio is 0.38.
The company last released its results on May 11th. The company reported $0.51 in earnings per share for the quarter. This was $0.10 below the consensus estimate of $ 0.61. Honda Motor's net margin was 4.04%, and its return on equity was 5.94%. The company's revenue for the quarter was $33,15 billion, which is lower than analyst expectations of $34,49 billion. Honda Motor is expected to post an average of 4.08 earnings per share in the current fiscal year, according to research analysts.
Honda Motor Company Profile
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Honda Motor Co. Ltd. is a Japanese company that manufactures and distributes automobiles, motorcycles, power products, and other items in Japan, North America, Europe, Asia, as well as internationally. Honda Motor Co. Ltd. operates in four segments: Motorcycle Business; Automobile Business; Financial Services Business; and Power Product and Other Businesses.
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