Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 18,881 shares, a decline of 47.8% from the July 15th total of 36,160 shares. Based on an average daily volume of 24,997 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s stock are sold short.
Jardine Matheson Stock Down 0.7%
Shares of JMHLY traded down $0.43 on Monday, reaching $61.69. The company’s stock had a trading volume of 10,522 shares, compared to its average volume of 14,193. The stock’s 50 day simple moving average is $63.08 and its two-hundred day simple moving average is $69.83. 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 12-month low of $56.36 and a 12-month high of $83.54.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Morgan Stanley started coverage on shares of Jardine Matheson in a research note on Friday, May 15th. They set an “overweight” rating and a $90.00 target price for the company. Zacks Research raised Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. Finally, Dbs Bank began coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.
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