Jardine Matheson Holdings Limited (OTCMKTS:JMHLY) Sees Large Growth in Short Interest

Jardine Matheson Holdings Limited (OTCMKTS:JMHLY - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,800 shares, an increase of 257.9% from the March 15th total of 1,900 shares. Based on an average daily volume of 18,400 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's shares are sold short.

Jardine Matheson Stock Performance

JMHLY traded up $1.20 during trading on Friday, reaching $41.01. 24,919 shares of the company's stock were exchanged, compared to its average volume of 14,517. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.15 and a quick ratio of 0.95. Jardine Matheson has a fifty-two week low of $34.15 and a fifty-two week high of $46.00. The company's fifty day moving average price is $40.90 and its 200-day moving average price is $40.77.

Jardine Matheson Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, March 21st will be issued a dividend of $1.65 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Jardine Matheson's previous dividend of $0.55.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Jardine Matheson to a "strong-buy" rating in a research report on Friday, February 28th.

About Jardine Matheson

Jardine Matheson Holdings Limited, through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.