Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Short Interest Down 47.8% in July

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 18,881 shares, a drop of 47.8% from the July 15th total of 36,160 shares. Based on an average daily volume of 24,997 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

Jardine Matheson Stock Up 0.1%

Shares of JMHLY traded up $0.09 during trading hours on Tuesday, hitting $61.78. 9,869 shares of the stock traded hands, compared to its average volume of 14,155. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. Jardine Matheson has a 1-year low of $56.36 and a 1-year high of $83.54. The business has a fifty day moving average of $63.09 and a 200-day moving average of $69.73.

Analysts Set New Price Targets

Several brokerages have recently commented on JMHLY. Dbs Bank began coverage on Jardine Matheson in a report on Monday, July 13th. They set a “buy” rating on the stock. Zacks Research upgraded shares of Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Finally, 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 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $90.00.

Jardine Matheson Company Profile

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.