Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Down 6.8% in February

Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,210,000 shares, a drop of 6.8% from the January 31st total of 2,370,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HMC. Raymond James Financial Services Advisors Inc. grew its holdings in Honda Motor by 131.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,333 shares of the company’s stock worth $829,000 after acquiring an additional 16,669 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Honda Motor by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 54,857 shares of the company’s stock worth $1,550,000 after acquiring an additional 1,300 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Honda Motor by 17.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,650 shares of the company’s stock worth $357,000 after acquiring an additional 1,867 shares in the last quarter. BlackRock Inc. grew its holdings in Honda Motor by 6.9% during the 1st quarter. BlackRock Inc. now owns 1,141,480 shares of the company’s stock worth $32,258,000 after acquiring an additional 73,308 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in Honda Motor by 15.2% during the 1st quarter. Cibc World Market Inc. now owns 138,058 shares of the company’s stock worth $3,902,000 after acquiring an additional 18,210 shares in the last quarter. 5.48% of the stock is owned by institutional investors and hedge funds.

Honda Motor Stock Performance

Honda Motor stock opened at $26.40 on Wednesday. Honda Motor has a 12-month low of $21.43 and a 12-month high of $29.19. The company has a market capitalization of $45.16 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.13. The firm’s fifty day moving average price is $24.65 and its 200 day moving average price is $24.11.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Honda Motor from a “c+” rating to a “b-” rating in a research note on Tuesday, January 31st. StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 19th. Finally, JPMorgan Chase & Co. raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 28th.

About Honda Motor

(Get Rating)

Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.