How Is The Market Feeling About Honda Motor Co?
Portfolio Pulse from Benzinga Insights
Honda Motor Co's (NYSE:HMC) short percent of float has risen 25.0% since its last report, with 2.47 million shares sold short, which is 0.15% of all regular shares available for trading. This 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 11.77%.
August 22, 2023 | 1:00 pm
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Honda Motor Co's short percent of float has risen 25.0%, indicating a bearish sentiment among investors. However, it's less than its peer group average of 11.77%.
The increase in short interest indicates that investors are expecting the price of Honda's stock to fall. However, the fact that Honda's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same industry.
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IMPORTANCE 75
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