Short Interest in Jardine Matheson Holdings Limited (OTCMKTS:JMHLY) Decreases By 45.8%

Jardine Matheson Holdings Limited (OTCMKTS:JMHLY - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 6,500 shares, a drop of 45.8% from the April 30th total of 12,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 23,900 shares, the days-to-cover ratio is presently 0.3 days.

Jardine Matheson Stock Down 1.7%

OTCMKTS JMHLY traded down $0.78 on Friday, reaching $44.45. 16,149 shares of the stock traded hands, compared to its average volume of 15,308. The firm's fifty day simple moving average is $43.54 and its 200 day simple moving average is $42.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 1.15. Jardine Matheson has a 12 month low of $34.15 and a 12 month high of $48.87.

Jardine Matheson Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Friday, March 21st were paid a dividend of $1.65 per share. This is a positive change from Jardine Matheson's previous dividend of $0.55. The ex-dividend date was Friday, March 21st.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Jardine Matheson to a "strong-buy" rating in a research note 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.