Johnson Matthey PLC (OTCMKTS:JMPLY) Shares Shorted: Short Interest Down 53.7% in October

Johnson Matthey PLC (OTCMKTS:JMPLY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 831 shares, a decline of 53.7% from the September 30th total of 1,794 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Johnson Matthey Trading Down 2.6%

Shares of JMPLY stock traded down $1.71 on Friday, hitting $64.01. The stock had a trading volume of 224 shares, compared to its average volume of 816. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21. Johnson Matthey has a 1 year low of $56.22 and a 1 year high of $87.60. The company’s 50 day moving average price is $63.55 and its 200-day moving average price is $57.91.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup upgraded Johnson Matthey to a “strong-buy” rating in a report on Friday, October 16th. Zacks Research lowered shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Monday, September 21st. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Berenberg Bank cut shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Johnson Matthey

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.