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

Key Points

• Short interest jumped to 480 shares as of April 15, a 278% increase from 127 shares on March 31, with a days-to-cover ratio of 0.3 based on average daily volume (about 1,475 shares).
• Analysts give Johnson Matthey a consensus rating of "Moderate Buy" (two Strong Buy, one Buy, three Hold), with recent support including a Berenberg upgrade to Strong-Buy and a Deutsche Bank buy reiteration.
• The stock opened at $56.17, trading within a 52-week range of $32.89–$65.70, with a 50-day/200-day moving average of $53.37/$56.52 and balance-sheet metrics including a 0.63 debt-to-equity ratio, current ratio 1.65 and quick ratio 1.28.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Johnson Matthey in a research note on Wednesday, January 21st. 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 equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Johnson Matthey Stock Performance

Shares of Johnson Matthey stock opened at $56.17 on Friday. The firm has a 50-day moving average of $53.37 and a 200-day 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 debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28.

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.

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