Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Down 64.3% in July

Key Points

• Johnson Matthey PLC experienced a significant drop in short interest, falling 64.3% to just 500 shares as of July 31st.
• Kepler Capital Markets upgraded Johnson Matthey's rating to "hold" on June 25th, suggesting a cautious outlook on the stock.
• The company recently announced a substantial dividend increase, with a yield of 418.0% after issuing a dividend of $1.4549 per share, up from $0.54.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 500 shares, adropof64.3% from the July 15th total of 1,400 shares. Currently,0.0% of the company's shares are sold short. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 0.5 days. Currently,0.0% of the company's shares are sold short.

Johnson Matthey Trading Up 0.4%

JMPLY stock traded up $0.18 during midday trading on Thursday, hitting $50.90. 2,076 shares of the company's stock were exchanged, compared to its average volume of 833. The stock's fifty day moving average price is $48.66 and its 200-day moving average price is $41.08. 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 one year low of $29.01 and a one year high of $50.90.

Johnson Matthey Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, June 9th were issued a dividend of $1.4549 per share. This is a boost from Johnson Matthey's previous dividend of $0.54. This represents a yield of 418.0%. The ex-dividend date was Friday, June 6th.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Kepler Capital Markets upgraded Johnson Matthey to a "hold" rating in a research report on Wednesday, June 25th. Zacks Research upgraded Johnson Matthey from a "strong sell" rating to a "hold" rating in a research report on Monday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Johnson Matthey 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.