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

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

Jardine Matheson Price Performance

Jardine Matheson stock traded up $0.49 during midday trading on Wednesday, hitting $57.48. 3,970 shares of the company were exchanged, compared to its average volume of 14,431. The company’s fifty day moving average price is $61.73 and its 200-day moving average price is $67.15. Jardine Matheson has a fifty-two week low of $55.38 and a fifty-two week high of $83.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53.

Analyst Ratings Changes

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

About Jardine Matheson

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.