How Is The Market Feeling About Honda Motor Co?
Portfolio Pulse from Benzinga Insights
Honda Motor Co (NYSE:HMC) has seen a decrease in short interest, with the short percent of float falling 8.33% since the last report. The company has 1.85 million shares sold short, which is 0.11% of available shares, with a cover time of 1.78 days based on trading volume. This decline in short interest may indicate a more bullish sentiment towards HMC compared to its peers, which have an average short interest of 12.44% of float.
November 16, 2023 | 8:00 pm
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Honda Motor Co's short interest has decreased, suggesting a potentially more bullish market sentiment towards the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to less selling pressure and potentially a rise in the stock price. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
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