Jardine Matheson Holdings Limited (OTCMKTS:JMHLY) Sees Large Growth in Short Interest

Jardine Matheson Holdings Limited (OTCMKTS:JMHLY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 6,800 shares, a growth of 257.9% from the March 15th total of 1,900 shares. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Jardine Matheson Stock Performance

Shares of JMHLY stock opened at $39.60 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.23. Jardine Matheson has a 52 week low of $34.15 and a 52 week high of $46.00. The company has a 50-day simple moving average of $40.79 and a 200 day simple moving average of $40.76.

Jardine Matheson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, March 21st will be issued a dividend of $1.65 per share. The ex-dividend date is Friday, March 21st. This is a boost from Jardine Matheson’s previous dividend of $0.55.

Analysts Set New Price Targets

Separately, UBS Group raised Jardine Matheson to a “strong-buy” rating in a report on Friday, February 28th.

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.