Looking Into Honda Motor Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honda Motor Co's (NYSE:HMC) short percent of float has fallen 9.09% since its last report, with 1.67 million shares sold short, which is 0.1% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Honda. Compared to its peers, Honda has less short interest as a percentage of float, with an average of 10.79%.
July 13, 2023 | 8:30 pm
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Honda's short interest has decreased, which could indicate a more bullish sentiment towards the company. This, combined with the fact that Honda's short interest is lower than its peers, could potentially impact the stock positively in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Honda's short interest is lower than its peers, could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
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