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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 18,881 shares, a decline of 47.8% from the July 15th total of 36,160 shares. Based on an average daily volume of 24,997 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

JMHLY has been the topic of several analyst reports. Zacks Research raised shares of Jardine Matheson to a “hold” rating in a research note on Thursday, August 6th. Dbs Bank started coverage on shares of Jardine Matheson in a research report on Monday, July 13th. They issued a “buy” rating for the company. Finally, Morgan Stanley initiated coverage on shares of Jardine Matheson in a research note on Friday, May 15th. They set an “overweight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

Jardine Matheson stock traded up $0.29 during trading on Friday, hitting $62.12. The company’s stock had a trading volume of 6,856 shares, compared to its average volume of 11,444. The stock’s fifty day moving average is $63.08 and its 200 day moving average is $69.87. Jardine Matheson has a 1-year low of $56.36 and a 1-year 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.

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.