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

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 480 shares, an increase of 278.0% from the March 31st total of 127 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,475 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

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

Johnson Matthey Stock Performance

JMPLY stock opened at $56.17 on Friday. The business has a 50-day simple moving average of $53.37 and a 200 day simple moving average of $56.52. Johnson Matthey has a 52 week low of $32.89 and a 52 week high of $65.70. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.63.

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.