Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Sees Significant Growth in Short Interest

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 18,079 shares, a growth of 268.5% from the September 30th total of 4,906 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 41,339 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JMHLY. Dbs Bank started coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Zacks Research raised shares of Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jardine Matheson currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Jardine Matheson Trading Down 0.8%

OTCMKTS JMHLY traded down $0.50 during trading hours on Wednesday, reaching $59.24. The company had a trading volume of 15,319 shares, compared to its average volume of 15,559. The stock has a 50-day moving average of $57.81 and a 200 day moving average of $67.05. Jardine Matheson has a 1-year low of $53.00 and a 1-year high of $83.54.

About Jardine Matheson

Jardine Matheson Holdings Limited is a diversified investment company with roots in Asia and a portfolio of businesses serving consumers, businesses and infrastructure markets. The group traces its history to 1832, when William Jardine and James Matheson established a trading enterprise in China. It is headquartered in Hong Kong and has developed into a long-term owner and operator of businesses across Asia and other international markets.

Its principal interests include automotive distribution and retail through Jardine Cycle & Carriage and its associated companies, including Astra International in Indonesia; property investment and development through Hongkong Land; food retailing and health and beauty stores through Dairy Farm; and hotels and resorts through Mandarin Oriental Hotel Group.