Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Expands By 7.2%

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

Hedge Funds Weigh In On Honda Motor

A number of large investors have recently bought and sold shares of HMC. Fisher Asset Management LLC raised its stake in shares of Honda Motor by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock valued at $298,902,000 after acquiring an additional 258,160 shares during the period. Mondrian Investment Partners LTD raised its stake in shares of Honda Motor by 20.9% in the 1st quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock valued at $191,538,000 after acquiring an additional 896,048 shares during the period. Equity Investment Corp raised its stake in shares of Honda Motor by 2.6% in the 1st quarter. Equity Investment Corp now owns 2,028,328 shares of the company’s stock valued at $75,515,000 after acquiring an additional 50,677 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Honda Motor by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after acquiring an additional 141,552 shares during the period. Finally, FMR LLC raised its stake in shares of Honda Motor by 5.5% in the 3rd quarter. FMR LLC now owns 783,040 shares of the company’s stock valued at $26,341,000 after acquiring an additional 41,000 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Honda Motor Trading Down 1.4 %

Shares of HMC traded down $0.47 on Tuesday, hitting $32.39. 1,517,619 shares of the stock traded hands, compared to its average volume of 969,467. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. The stock’s 50 day moving average is $33.10 and its two-hundred day moving average is $33.77. Honda Motor has a 1 year low of $29.05 and a 1 year high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.55. The company had revenue of $36.56 billion for 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%. On average, research analysts predict that Honda Motor will post 4.5 earnings per share 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.