Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Up 29.8% in December

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 479 shares, a growth of 29.8% from the November 30th total of 369 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 761 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 761 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Johnson Matthey Stock Performance

Shares of OTCMKTS:JMPLY traded up $0.19 during midday trading on Tuesday, hitting $58.63. The stock had a trading volume of 1,234 shares, compared to its average volume of 386. The company’s 50-day moving average price is $55.34 and its 200-day moving average price is $52.43. Johnson Matthey has a fifty-two week low of $29.01 and a fifty-two week high of $60.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 1.01.

Johnson Matthey Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, December 2nd will be issued a $0.5561 dividend. This represents a dividend yield of 394.0%. The ex-dividend date of this dividend is Monday, December 1st.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JMPLY. Jefferies Financial Group upgraded shares of Johnson Matthey to a “strong-buy” rating in a research note on Thursday, October 9th. Citigroup reiterated a “neutral” rating on shares of Johnson Matthey in a research note on Tuesday, October 21st. Finally, Zacks Research downgraded Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate 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.