Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Up 1,250.0% in September

Key Points

• Johnson Matthey PLC experienced a dramatic increase in short interest of 1,250.0% in September, reaching a total of 2,700 shares.
• The stock has seen recent upgrades from multiple brokerages, including a change from a "hold" to a "strong-buy" rating by Zacks Research and Jefferies Financial Group.
• As of the report, Johnson Matthey's shares were trading down 1.0% at $57.80, with a days-to-cover ratio of 1.0 days based on average trading volume.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,700 shares, a growth of 1,250.0% from the September 15th total of 200 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 1.0 days.

Johnson Matthey Trading Down 1.0%

Shares of Johnson Matthey stock traded down $0.60 during trading hours on Thursday, hitting $57.80. 628 shares of the company were exchanged, compared to its average volume of 3,347. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 1.01. The business has a 50-day moving average of $52.22 and a 200-day moving average of $45.51. Johnson Matthey has a 1 year low of $29.01 and a 1 year high of $58.40.

Analysts Set New Price Targets

A number of brokerages have weighed in on JMPLY. Zacks Research upgraded Johnson Matthey from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded shares of Johnson Matthey to a "strong-buy" rating in a research report on Thursday, October 9th. Finally, Kepler Capital Markets upgraded shares of Johnson Matthey to a "hold" rating in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Matthey has a consensus rating of "Buy".

Johnson Matthey Company Profile

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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