Short Interest in Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Drops By 38.2%

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 11,627 shares, a drop of 38.2% from the August 15th total of 18,819 shares. Based on an average trading volume of 19,863 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Jardine Matheson Price Performance

Shares of OTCMKTS:JMHLY traded up $0.28 during mid-day trading on Thursday, reaching $57.34. 16,279 shares of the company’s stock were exchanged, compared to its average volume of 14,453. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. Jardine Matheson has a twelve month low of $55.38 and a twelve month high of $83.54. The business’s fifty day moving average price is $61.65 and its 200-day moving average price is $66.98.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JMHLY. Dbs Bank assumed coverage on Jardine Matheson in a report on Monday, July 13th. They issued a “buy” rating for the company. Zacks Research raised Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Jardine Matheson presently has an average rating of “Buy” and a consensus target price of $90.00.

Jardine Matheson Company Profile

Jardine Matheson Holdings Limited is a diversified investment company with a long-established presence in Asia. Founded in 1832, the group has developed from a trading business into a portfolio of businesses operating across consumer, automotive, property, retail, hospitality and financial services markets.

Its principal interests include Jardine Pacific, which owns or manages businesses in engineering, construction, transportation and other services; Jardine Motors, an automotive retail and distribution group; and Hongkong Land, a property company with commercial and residential developments in Asia.