Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY) Short Interest Update

Key Points

• Jardine Matheson Holdings Ltd. experienced a 62.5% increase in short interest in August, raising the total to 2,600 shares, while the days-to-cover ratio is currently 0.2 days.
• Macquarie downgraded Jardine Matheson's shares from a "strong-buy" to a "hold" rating, with the current consensus rating standing at "Buy" based on available analyst ratings.
• The company's stock price decreased by 1.3% to $60.40, with a recent dividend announcement of $0.53 per share yielding 361.0% for investors of record as of August 25th.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,600 shares, a growth of 62.5% from the August 15th total of 1,600 shares. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Macquarie cut shares of Jardine Matheson from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Jardine Matheson Trading Down 1.3%

Shares of OTCMKTS:JMHLY traded down $0.78 during trading on Monday, reaching $60.40. The stock had a trading volume of 15,279 shares, compared to its average volume of 12,684. The stock has a fifty day simple moving average of $56.36 and a two-hundred day simple moving average of $48.23. 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 has a 52 week low of $35.19 and a 52 week high of $61.35.

Jardine Matheson Cuts Dividend

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

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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