Honeywell Aerospace (NASDAQ:HONA) Short Interest Up ∞ in June

Honeywell Aerospace (NASDAQ:HONA) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 10,574,095 shares, a growth of ∞ from the June 15th total of 0 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,780,211 shares, the days-to-cover ratio is presently 5.9 days.

Honeywell Aerospace Price Performance

Shares of HONA stock traded up $3.26 on Friday, hitting $211.63. The company had a trading volume of 2,548,505 shares, compared to its average volume of 2,993,291. Honeywell Aerospace has a twelve month low of $200.00 and a twelve month high of $297.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HONA shares. Jefferies Financial Group started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $235.00 target price for the company. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. Wolfe Research initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. BMO Capital Markets started coverage on Honeywell Aerospace in a research note on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price objective for the company. Finally, Morgan Stanley set a $235.00 target price on Honeywell Aerospace in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $251.40.

Honeywell Aerospace Company Profile

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.