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

Johnson Matthey PLC (OTCMKTS:JMPLY) was the target of a significant increase in short interest in 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 shares of the company are sold short. Based on an average daily trading volume, of 5,574 shares, the days-to-cover ratio is currently 1.0 days.

Johnson Matthey Stock Performance

Shares of JMPLY traded down $0.35 during midday trading on Friday, hitting $65.90. 869 shares of the company traded hands, compared to its average volume of 2,228. The firm has a 50 day moving average of $55.12 and a 200-day moving average of $55.34. Johnson Matthey has a 52 week low of $47.08 and a 52 week high of $65.70. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

JMPLY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Johnson Matthey to a “strong-buy” rating in a research note on Tuesday, August 4th. Zacks Research raised Johnson Matthey from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Johnson Matthey presently has an average rating of “Buy”.

Johnson Matthey Company Profile

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.