Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Short Interest Down 57.7% in September

Key Points

• Short interest in Jardine Matheson Holdings Ltd. decreased by 57.7% in September, bringing the total to just 1,100 shares.
• Macquarie has upgraded the company's stock from a "hold" to a "strong-buy" rating, indicating increasing analyst confidence.
• Jardine Matheson will pay a dividend of $0.53 per share on October 22, 2023, representing a yield of 361.0%.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,100 shares, a decline of 57.7% from the August 31st total of 2,600 shares. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Macquarie raised shares of Jardine Matheson from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong Buy".

Jardine Matheson Price Performance

Shares of Jardine Matheson stock traded up $0.48 during trading on Friday, reaching $64.39. The company's stock had a trading volume of 9,496 shares, compared to its average volume of 9,767. The business's 50-day moving average price is $59.09 and its 200-day moving average price is $50.13. Jardine Matheson has a 52 week low of $35.19 and a 52 week high of $64.52. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.22.

Jardine Matheson Cuts Dividend

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

Jardine Matheson Company Profile

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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