Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 18,079 shares, an increase of 268.5% from the September 30th total of 4,906 shares. Based on an average daily volume of 41,339 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Zacks Research raised Jardine Matheson to a “hold” rating in a report on Thursday, August 6th. Dbs Bank assumed coverage on shares of Jardine Matheson in a research note on Monday, July 13th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jardine Matheson currently has an average rating of “Moderate Buy” and an average target price of $90.00.
Check Out Our Latest Stock Analysis on JMHLY
Jardine Matheson Stock Down 1.4%
Shares of JMHLY traded down $0.82 during mid-day trading on Thursday, reaching $58.28. The company had a trading volume of 6,310 shares, compared to its average volume of 15,528. The firm has a fifty day simple moving average of $57.76 and a 200-day simple moving average of $66.99. Jardine Matheson has a fifty-two week low of $53.00 and a fifty-two week high of $83.54.
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.
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