Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Down 23.8% in March

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 1,744 shares, a drop of 23.8% from the February 26th total of 2,290 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,228 shares, the short-interest ratio is presently 1.4 days.

Johnson Matthey Stock Down 2.6%

Shares of Johnson Matthey stock opened at $48.75 on Tuesday. Johnson Matthey has a twelve month low of $29.01 and a twelve month high of $65.70. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $57.29 and its 200-day simple moving average is $56.48.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Wednesday, January 21st. Berenberg Bank raised Johnson Matthey from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Johnson Matthey

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.