Peering Into Honda Motor Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honda Motor Co's (NYSE:HMC) short percent of float has risen 20.0% since its last report, with 1.93 million shares sold short, which is 0.12% of all regular shares available for trading. It would take traders 2.04 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Honda's short interest as a percentage of float is less than its peer group average of 10.90%.
August 04, 2023 | 12:00 pm
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Honda Motor Co's short interest has increased, indicating a potentially bearish sentiment among investors. However, its short interest is less than its peer group average.
An increase in short interest can indicate that investors are becoming more bearish on a stock, potentially leading to a decrease in its price. However, Honda's short interest is less than its peer group average, which could mitigate some of this potential downward pressure.
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IMPORTANCE 75
RELEVANCE 100