Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Shares Shorted: Short Interest Up 268.5% in October

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the target of 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 sold short. Based on an average trading volume of 41,339 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Dbs Bank began 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 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 stock. Based on data from MarketBeat, Jardine Matheson presently has an average rating of “Moderate Buy” and an average price target of $90.00.

Jardine Matheson Stock Performance

JMHLY stock opened at $58.10 on Friday. Jardine Matheson has a 52-week low of $53.00 and a 52-week high of $83.54. The company’s 50 day simple moving average is $57.69 and its 200-day simple moving average is $66.90.

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.