Johnson Matthey PLC (OTCMKTS:JMPLY) Sees Significant Drop in Short Interest

Johnson Matthey PLC (OTCMKTS:JMPLY) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,100 shares, a decline of 38.7% from the January 15th total of 1,795 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,347 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 1,347 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JMPLY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Citigroup reaffirmed a “neutral” rating on shares of Johnson Matthey in a research note on Tuesday, October 21st. Finally, Berenberg Bank raised shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Johnson Matthey Stock Performance

Shares of JMPLY traded down $1.36 during midday trading on Friday, reaching $62.60. 253 shares of the stock were exchanged, compared to its average volume of 537. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28. Johnson Matthey has a 52 week low of $29.01 and a 52 week high of $65.70. The company’s 50 day moving average is $60.54 and its two-hundred day moving average is $55.59.

Johnson Matthey Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, December 2nd will be paid a $0.5561 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 394.0%.

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.