Short Interest in Johnson Matthey PLC (OTCMKTS:JMPLY) Expands By 138.0%

Johnson Matthey PLC (OTCMKTS:JMPLY) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,641 shares, a growth of 138.0% from the July 30th total of 2,370 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,574 shares, the short-interest ratio is currently 1.0 days.

Johnson Matthey Stock Performance

Shares of JMPLY stock remained flat at $63.23 during trading hours on Friday. 68 shares of the stock traded hands, compared to its average volume of 2,228. The company’s fifty day simple moving average is $54.92 and its 200 day simple moving average is $55.26. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. Johnson Matthey has a one year low of $47.08 and a one year high of $65.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JMPLY shares. Jefferies Financial Group upgraded shares of Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Finally, Zacks Research upgraded Johnson Matthey from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.