Johnson Matthey PLC (OTCMKTS:JMPLY) Sees Large Decline in Short Interest

Johnson Matthey PLC (OTCMKTS:JMPLY) was the recipient 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 shares are sold short. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

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

Johnson Matthey Stock Performance

Shares of OTCMKTS:JMPLY opened at $65.72 on Friday. The business’s 50 day simple moving average is $63.47 and its two-hundred day simple moving average is $57.90. 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.

Johnson Matthey Company Profile

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.