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

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

Johnson Matthey Price Performance

OTCMKTS JMPLY opened at $65.48 on Tuesday. Johnson Matthey has a 52-week low of $56.22 and a 52-week high of $87.60. The company’s fifty day moving average is $61.37 and its two-hundred day moving average is $56.95. 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

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a report on Monday, September 21st. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. 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 analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Johnson Matthey Company Profile

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.