Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Up 138.0% in August

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 5,641 shares, an increase of 138.0% from the July 30th total of 2,370 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,574 shares, the short-interest ratio is presently 1.0 days.

Johnson Matthey Stock Performance

JMPLY remained flat at $63.23 during midday trading on Friday. The company’s stock had a trading volume of 68 shares, compared to its average volume of 2,228. Johnson Matthey has a 1 year low of $47.08 and a 1 year high of $65.70. The stock has a 50 day moving average of $54.92 and a two-hundred day moving average of $55.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.56.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JMPLY. Jefferies Financial Group upgraded Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Finally, Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Johnson Matthey

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.