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

Key Points

• Short interest surged 268.5% to 18,079 shares as of October 15, up from 4,906 shares on September 30. Short interest still represents approximately 0.0% of outstanding shares, with a 0.4-day days-to-cover ratio.
• Analyst sentiment remains favorable: two analysts rate Jardine Matheson a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $90.
• The stock recently traded at $59.24, near its $53.00–$83.54 one-year range. Its 50-day moving average is $57.81, compared with a 200-day moving average of $67.05.

Jardine Matheson Holdings Ltd. (OTCMKTS:JMHLY - Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 18,079 shares, an increase of 268.5% from the September 30th total of 4,906 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 41,339 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Jardine Matheson to a "hold" rating in a research report on Thursday, August 6th. Dbs Bank started coverage on Jardine Matheson in a research note on Monday, July 13th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Jardine Matheson has a consensus rating of "Moderate Buy" and an average target price of $90.00.

Jardine Matheson Stock Performance

Jardine Matheson stock traded down $0.50 during mid-day trading on Wednesday, hitting $59.24. The company's stock had a trading volume of 15,319 shares, compared to its average volume of 15,559. The company has a 50 day moving average of $57.81 and a 200-day moving average of $67.05. Jardine Matheson has a one year low of $53.00 and a one year high of $83.54.

About Jardine Matheson

Jardine Matheson Holdings Limited is a diversified investment company with roots in Asia and a portfolio of businesses serving consumers, businesses and infrastructure markets. The group traces its history to 1832, when William Jardine and James Matheson established a trading enterprise in China. It is headquartered in Hong Kong and has developed into a long-term owner and operator of businesses across Asia and other international markets.

Its principal interests include automotive distribution and retail through Jardine Cycle & Carriage and its associated companies, including Astra International in Indonesia; property investment and development through Hongkong Land; food retailing and health and beauty stores through Dairy Farm; and hotels and resorts through Mandarin Oriental Hotel Group.

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