Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Sees Significant Decline in Short Interest

Key Points

• Jardine Matheson Holdings Ltd. experienced a dramatic decrease in short interest, dropping by 89.5% in August to a total of 1,600 shares.
• The company recently declared a dividend of $0.53 per share, with a yield of 361.0%, set to be paid on October 22nd.
• Macquarie downgraded Jardine Matheson's rating from "strong-buy" to "hold", amidst mixed analyst ratings with a current consensus of "Buy".

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 1,600 shares, adecreaseof89.5% from the July 31st total of 15,200 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is currently 0.1 days.

Jardine Matheson Stock Performance

JMHLY stock traded down $0.99 during mid-day trading on Tuesday, hitting $59.50. 7,233 shares of the company were exchanged, compared to its average volume of 12,793. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.24. The firm's 50 day simple moving average is $54.27 and its 200 day simple moving average is $47.01. Jardine Matheson has a 1-year low of $34.62 and a 1-year high of $60.51.

Jardine Matheson Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be issued a dividend of $0.53 per share. This represents a yield of 361.0%. The ex-dividend date is Friday, August 22nd.

Analyst Upgrades and Downgrades

Separately, Macquarie downgraded shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

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.

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