Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report) saw a significant decline in short interest in 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 trading volume, of 41,469 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.
Jardine Matheson Price Performance
OTCMKTS:JMHLY traded up $1.45 during mid-day trading on Thursday, hitting $54.82. 38,046 shares of the company traded hands, compared to its average volume of 14,929. The stock’s fifty day moving average price is $60.38 and its 200-day moving average price is $65.50. 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 one year low of $53.00 and a one year high of $83.54.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Dbs Bank assumed coverage on shares of Jardine Matheson in a research report 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 report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.00.
Jardine Matheson Company Profile
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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