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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the recipient of a large decline in short interest during the month of 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 currently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Dbs Bank started coverage on shares of 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 research report on Thursday, August 6th. One research 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

JMHLY traded down $0.75 during trading on Friday, hitting $56.31. 6,847 shares of the company’s stock were exchanged, compared to its average volume of 14,571. 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. The business’s 50 day moving average is $61.57 and its two-hundred day moving average is $66.80.

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.