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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,627 shares, a drop of 38.2% from the August 15th total of 18,819 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 19,863 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JMHLY shares. Dbs Bank initiated coverage on Jardine Matheson in a research report on Monday, July 13th. They set a “buy” rating on the stock. Zacks Research raised Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Jardine Matheson presently has a consensus rating of “Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

Shares of OTCMKTS:JMHLY traded up $0.49 on Wednesday, reaching $57.48. 3,970 shares of the company were exchanged, compared to its average volume of 14,431. The company has a 50-day moving average of $61.73 and a 200-day moving average of $67.15. 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 $55.38 and a 1-year high of $83.54.

About Jardine Matheson

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.