Short Interest in Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Increases By 87.0%

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 12,826 shares, an increase of 87.0% from the May 14th total of 6,858 shares. Based on an average daily trading volume, of 29,980 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Jardine Matheson Price Performance

Shares of JMHLY stock opened at $63.33 on Monday. The firm’s 50 day moving average price is $69.61 and its 200-day moving average price is $71.84. 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 one year low of $44.26 and a one year high of $83.54.

Wall Street Analyst Weigh In

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

About Jardine Matheson

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.