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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 12,826 shares, a growth of 87.0% from the May 14th total of 6,858 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 29,980 shares, the days-to-cover ratio is presently 0.4 days.

Jardine Matheson Price Performance

JMHLY traded down $3.55 during trading hours on Tuesday, hitting $62.41. The company’s stock had a trading volume of 5,596 shares, compared to its average volume of 13,934. The business’s 50-day moving average price is $69.44 and its 200-day moving average price is $71.84. Jardine Matheson has a 12 month low of $44.27 and a 12 month high of $83.54. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

Separately, Morgan Stanley assumed coverage on Jardine Matheson in a research note on Friday, May 15th. They issued an “overweight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Jardine Matheson currently has an average rating of “Strong Buy” and an average price target of $90.00.

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.