Short Interest in Jardine Matheson Holdings Limited (OTCMKTS:JMHLY) Expands By 533.3%

Jardine Matheson Holdings Limited (OTCMKTS:JMHLY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,900 shares, a growth of 533.3% from the February 28th total of 300 shares. Based on an average daily trading volume, of 28,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Jardine Matheson Stock Down 0.8 %

OTCMKTS:JMHLY traded down $0.35 during mid-day trading on Thursday, hitting $41.89. 10,937 shares of the stock traded hands, compared to its average volume of 13,027. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 1.15. Jardine Matheson has a 52 week low of $34.15 and a 52 week high of $46.00. The firm’s 50 day moving average is $40.76 and its two-hundred day moving average is $40.43.

Jardine Matheson Increases Dividend

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

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.