(HMC) - Analyzing Honda Motor Co's Short Interest
Portfolio Pulse from Benzinga Insights
Honda Motor Co's (NYSE:HMC) short interest has decreased by 7.69%, with 1.97 million shares sold short, representing 0.12% of its float. The current short interest suggests a bullish sentiment among investors, as it is significantly lower than the peer group average of 10.71%. This change in short interest could influence Honda's stock performance in the short term.
February 01, 2024 | 8:30 pm
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Honda Motor Co's short interest has decreased, indicating a more bullish sentiment among investors compared to its peers.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Honda, the significant drop in short interest, coupled with its comparison to a much higher peer average, suggests a positive outlook among investors. This could lead to a short-term increase in stock price as market sentiment improves.
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