Peering Into Honda Motor Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Honda Motor Co's (NYSE:HMC) short interest has decreased by 15.38% since the last report, with 1.81 million shares sold short, representing 0.11% of available shares. The average time to cover these short positions is 1.83 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Honda has a lower short interest as a percentage of float, with the peer group average at 13.24%.
December 26, 2023 | 7:30 pm
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Honda Motor Co's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in its price. However, the article also cautions that this does not necessarily mean the stock will rise in the near term. The confidence level is not at the maximum because the market can be influenced by many other factors beyond short interest levels.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100