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

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,290 shares, an increase of 193.2% from the February 12th total of 781 shares. Based on an average daily volume of 2,467 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,467 shares, the days-to-cover ratio is presently 0.9 days.

Johnson Matthey Price Performance

Shares of Johnson Matthey stock remained flat at $52.81 during midday trading on Wednesday. The company had a trading volume of 599 shares, compared to its average volume of 757. The firm has a 50 day simple moving average of $60.45 and a 200 day simple moving average of $56.64. 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 1-year low of $29.01 and a 1-year high of $65.70.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a report on Wednesday, January 21st. Berenberg Bank upgraded Johnson Matthey from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.