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

Key Points

• Johnson Matthey PLC saw a significant increase in short interest, rising 100% in September to a total of 200 shares as of September 15th.
• The stock's recent performance shows it traded at $55.12 during midday trading, with a fifty-two week range between $29.01 and $55.23.
• Analysts have recently upgraded Johnson Matthey's stock rating to "Hold," indicating a cautious outlook amidst fluctuating market conditions.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 200 shares, a growth of 100.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.1 days.

Johnson Matthey Price Performance

JMPLY stock traded up $0.44 during midday trading on Friday, hitting $55.12. 256 shares of the stock were exchanged, compared to its average volume of 1,618. The stock's 50-day moving average price is $50.84 and its 200-day moving average price is $44.45. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.42. Johnson Matthey has a fifty-two week low of $29.01 and a fifty-two week high of $55.23.

Wall Street Analysts Forecast Growth

JMPLY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Johnson Matthey from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Kepler Capital Markets upgraded Johnson Matthey to a "hold" rating in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Johnson Matthey currently has a consensus rating of "Hold".

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers' products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet's natural resources.

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