Johnson Matthey PLC (OTCMKTS:JMPLY) Shares Shorted: Short Interest Down 53.7% in October

Johnson Matthey PLC (OTCMKTS:JMPLY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 831 shares, a decrease of 53.7% from the September 30th total of 1,794 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 0.4 days.

Johnson Matthey Stock Down 2.6%

OTCMKTS:JMPLY traded down $1.71 during trading hours on Friday, reaching $64.01. The company had a trading volume of 224 shares, compared to its average volume of 816. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. Johnson Matthey has a 52 week low of $56.22 and a 52 week high of $87.60. The firm’s 50 day moving average price is $63.55 and its 200-day moving average price is $57.91.

Analyst Ratings Changes

JMPLY has been the subject of several recent analyst reports. Jefferies Financial Group upgraded Johnson Matthey to a “strong-buy” rating in a research note on Tuesday, August 4th. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Berenberg Bank downgraded Johnson Matthey from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research report on Monday, September 21st. Finally, Citigroup raised Johnson Matthey to a “strong-buy” rating in a research report on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Johnson Matthey

Johnson Matthey plc is a global specialty chemicals and sustainable technologies company. It develops and manufactures catalysts, advanced materials and process technologies that help customers improve resource efficiency, reduce emissions and support the transition to lower-carbon energy systems.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, platinum-group metal refining and recycling, and catalyst technologies used in chemical and energy production.