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

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,389 shares, a decrease of 66.3% from the April 15th total of 21,898 shares. Based on an average daily volume of 27,462 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Jardine Matheson Price Performance

Shares of OTCMKTS JMHLY traded up $1.27 during trading hours on Friday, hitting $73.10. 10,733 shares of the stock were exchanged, compared to its average volume of 14,362. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.33. The company’s 50 day moving average is $73.31 and its 200 day moving average is $71.30. Jardine Matheson has a one year low of $42.00 and a one year high of $83.54.

Wall Street Analyst Weigh In

Separately, Morgan Stanley assumed coverage on shares of Jardine Matheson in a research note on Friday. They set an “overweight” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.