How Is The Market Feeling About Honda Motor Co?
Portfolio Pulse from Benzinga Insights
Honda Motor Co (NYSE:HMC) has seen an 18.18% increase in short interest since its last report, with 2.07 million shares sold short, representing 0.13% of available shares. The short interest ratio is 1.5 days. While higher short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Honda's short interest is below its peer group average of 11.69%.
December 06, 2023 | 5:00 pm
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Honda Motor Co's short interest has increased, which may indicate bearish sentiment among traders. However, the level is still below the peer group average, suggesting less negative sentiment compared to its peers.
While the increase in short interest for HMC suggests that some traders expect the stock price to fall, the fact that it is below the peer average indicates that the sentiment is not as negative as it could be. The short interest ratio of 1.5 days also shows that the market can absorb the short positions relatively quickly, which could mitigate any potential negative impact on the stock price.
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