Johnson Matthey PLC (OTCMKTS:JMPLY) Stock Short Interest Rises 115.9%

Johnson Matthey PLC (OTCMKTS:JMPLY – Get Free Report) was the target of a significant growth in short interest during 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. Based on an average daily trading volume, of 1,348 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

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Johnson Matthey Stock Performance

JMPLY traded down $0.57 during mid-day trading on Thursday, reaching $64.98. The stock had a trading volume of 230 shares, compared to its average volume of 988. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $61.76 and its two-hundred day simple moving average is $57.15. Johnson Matthey has a 52 week low of $56.22 and a 52 week high of $87.60.

About Johnson Matthey

(Get Free Report)

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.

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