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

Johnson Matthey PLC (OTCMKTS:JMPLY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,794 shares, a growth of 115.9% from the September 15th total of 831 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,348 shares, the short-interest ratio is currently 1.3 days.

Johnson Matthey Price Performance

Shares of Johnson Matthey stock traded up $0.04 on Wednesday, hitting $65.55. 161 shares of the company traded hands, compared to its average volume of 994. Johnson Matthey has a 12-month low of $56.22 and a 12-month 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. The company has a 50-day moving average price of $61.61 and a 200 day moving average price of $57.05.

Analyst Upgrades and Downgrades

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

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.