Johnson Matthey PLC (OTCMKTS:JMPLY) Sees Significant Growth in Short Interest

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,794 shares, an increase of 115.9% from the September 15th total of 831 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,348 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JMPLY shares. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Monday, September 21st. Finally, Zacks Research upgraded Johnson Matthey from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Johnson Matthey Stock Performance

JMPLY opened at $65.48 on Tuesday. The business’s 50-day simple moving average is $61.37 and its 200 day simple moving average is $56.95. Johnson Matthey has a 52-week low of $56.22 and a 52-week high of $87.60. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

About Johnson Matthey

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. Founded in 1817, the company develops materials, catalysts and related technologies designed to support cleaner air, more efficient industrial processes and the transition to lower-carbon energy systems.

Its activities include emissions-control technologies for vehicles and industrial applications, platinum group metal refining and recycling, and catalyst technologies used in chemical manufacturing.