Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Up 138.0% in August

Johnson Matthey PLC (OTCMKTS:JMPLY) was the target of a large growth in short interest in 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 stock are short sold. Based on an average trading volume of 5,574 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

JMPLY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Zacks Research raised shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

Johnson Matthey Stock Down 0.5%

Johnson Matthey stock traded down $0.35 during trading hours on Friday, hitting $65.90. The company had a trading volume of 869 shares, compared to its average volume of 2,228. Johnson Matthey has a 1 year low of $47.08 and a 1 year high of $65.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21. The company has a 50-day moving average price of $55.12 and a two-hundred day moving average price of $55.34.

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.