Short Interest in Honda Motor Co., Ltd. (NYSE:HMC) Decreases By 21.7%

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 4,830,000 shares, a decrease of 21.7% from the April 30th total of 6,170,000 shares. Approximately 0.3% of the company's shares are sold short. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 4.6 days.

Honda Motor Stock Down 1.5%

Shares of NYSE HMC traded down $0.44 on Thursday, reaching $28.91. 362,905 shares of the company's stock traded hands, compared to its average volume of 1,058,039. Honda Motor has a 12 month low of $23.41 and a 12 month high of $33.72. The business's 50 day simple moving average is $29.02 and its two-hundred day simple moving average is $28.21. The company has a market cap of $45.12 billion, a price-to-earnings ratio of 6.72 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.25 billion for the quarter, compared to the consensus estimate of $5,371.99 billion. As a group, equities research analysts forecast that Honda Motor will post 3.99 EPS for the current fiscal year.

Analyst Ratings Changes

HMC has been the subject of a number of research reports. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, Sanford C. Bernstein initiated coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company.

Hedge Funds Weigh In On Honda Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in Honda Motor by 2.1% during the 4th quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock valued at $535,000 after purchasing an additional 385 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Honda Motor by 0.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock valued at $1,404,000 after purchasing an additional 401 shares during the last quarter. Rothschild Investment LLC boosted its stake in Honda Motor by 50.4% during the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after purchasing an additional 417 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Honda Motor by 17.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock valued at $80,000 after purchasing an additional 444 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Honda Motor by 1.1% during the 4th quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock valued at $1,164,000 after purchasing an additional 457 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Company Profile

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.