Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Sees Large Increase in Short Interest

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 36,160 shares, a growth of 71.3% from the June 30th total of 21,114 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 30,842 shares, the days-to-cover ratio is currently 1.2 days.

Jardine Matheson Price Performance

JMHLY opened at $66.48 on Friday. Jardine Matheson has a twelve month low of $54.52 and a twelve month high of $83.54. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $63.56 and a 200 day simple moving average of $70.62.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JMHLY. Dbs Bank began coverage on shares of Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating for the company. Morgan Stanley initiated coverage on shares of Jardine Matheson in a report on Friday, May 15th. They set an “overweight” rating and a $90.00 target price for the company. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Jardine Matheson currently has a consensus rating of “Buy” and an average target price of $90.00.

About Jardine Matheson

Jardine Matheson Holdings Limited is a Bermuda-registered investment holding company with a primary listing on the Hong Kong Stock Exchange and American depositary shares trading on the OTC Markets under the symbol JMHLY. Established in 1832 by William Jardine and James Matheson, the group has evolved from a trading house in Canton to a diversified conglomerate with operations throughout Asia.

The company holds controlling interests in a portfolio of businesses spanning property, retail, hospitality, automotive, and engineering.