Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Short Interest Update

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the target of a significant drop in short interest during the month of 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 trading volume of 24,997 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JMHLY shares. Morgan Stanley assumed coverage on shares of Jardine Matheson in a research report on Friday, May 15th. They set an “overweight” rating and a $90.00 price target for the company. Dbs Bank assumed coverage on shares of Jardine Matheson in a report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $90.00.

Jardine Matheson Trading Up 0.5%

Shares of Jardine Matheson stock traded up $0.29 during trading hours on Friday, reaching $62.12. The stock had a trading volume of 6,856 shares, compared to its average volume of 11,444. The firm has a 50 day simple moving average of $63.08 and a two-hundred day simple moving average of $69.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.53. Jardine Matheson has a 1 year low of $56.36 and a 1 year high of $83.54.

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.