Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 36,160 shares, an increase of 71.3% from the June 30th total of 21,114 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 30,842 shares, the days-to-cover ratio is currently 1.2 days.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on JMHLY shares. Morgan Stanley initiated 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. Dbs Bank assumed coverage on Jardine Matheson in a research report on Monday, July 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $90.00.
View Our Latest Report on JMHLY
Jardine Matheson Stock Performance
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.
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