Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Increases By 16.2%

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,720,000 shares, a growth of 16.2% from the March 31st total of 1,480,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 1.7 days. Currently, 0.1% of the shares of the company are sold short.

Honda Motor Price Performance

Shares of Honda Motor stock traded up $0.25 during trading hours on Monday, reaching $34.10. The stock had a trading volume of 887,943 shares, compared to its average volume of 1,045,159. The firm has a market capitalization of $57.90 billion, a PE ratio of 8.04, a PEG ratio of 0.37 and a beta of 0.71. The stock's 50 day moving average is $35.83 and its 200 day moving average is $33.31. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. Honda Motor has a twelve month low of $25.92 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.21. The company had revenue of $36.50 billion for the quarter, compared to analyst estimates of $37.68 billion. Honda Motor had a net margin of 5.05% and a return on equity of 8.04%. Equities analysts expect that Honda Motor will post 4.14 earnings per share for the current fiscal year.

Institutional Trading of Honda Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in Honda Motor during the first quarter worth approximately $27,000. Pinnacle Bancorp Inc. boosted its position in shares of Honda Motor by 324.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company's stock valued at $28,000 after purchasing an additional 691 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Honda Motor during the 3rd quarter valued at about $30,000. Accordant Advisory Group Inc acquired a new stake in shares of Honda Motor during the first quarter worth approximately $30,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Honda Motor during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 5.32% of the company's stock.

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.