Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,562 shares, a decline of 43.6% from the August 31st total of 11,627 shares. Based on an average daily volume of 41,469 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.
Jardine Matheson Price Performance
OTCMKTS JMHLY traded down $1.17 during mid-day trading on Wednesday, reaching $53.33. 7,877 shares of the stock were exchanged, compared to its average volume of 14,783. 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 one year low of $53.00 and a one year high of $83.54. The stock has a 50 day simple moving average of $60.61 and a 200-day simple moving average of $65.66.
Analysts Set New Price Targets
Several research analysts recently issued reports on JMHLY shares. Zacks Research raised Jardine Matheson to a “hold” rating in a research report on Thursday, August 6th. Dbs Bank initiated coverage on Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.00.
About Jardine Matheson
Jardine Matheson Holdings Limited is a diversified Asian investment company with businesses spanning automotive, retail, property, engineering, hospitality and financial services. The group operates through a portfolio of established companies, including Jardine Motors Group, DFI Retail Group, Hongkong Land, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Jardine Pacific.
Its businesses serve consumers and commercial customers across Hong Kong, mainland China, Southeast Asia and other international markets.
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