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

Key Points

• Short interest fell 53.7% in October to 831 shares from 1,794 shares, representing approximately 0.0% of Johnson Matthey’s outstanding shares and just 0.4 days of average trading volume.
• Analyst sentiment is mixed, but MarketBeat reports a consensus rating of “Moderate Buy”, with ratings ranging from Strong Buy to Sell.
• Johnson Matthey shares opened at $65.72, above their 50-day moving average of $63.47 and 200-day moving average of $57.90; the stock’s one-year trading range is $56.22 to $87.60.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report) was the recipient of a large decline in short interest during 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 trading volume, of 2,100 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JMPLY shares. Citigroup upgraded Johnson Matthey to a "strong-buy" rating in a research report on Friday, October 16th. Berenberg Bank downgraded shares of Johnson Matthey from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Johnson Matthey in a research report on Monday, September 21st. Zacks Research lowered shares of Johnson Matthey from a "hold" rating to a "strong sell" rating in a report on Thursday, October 15th. Finally, Jefferies Financial Group upgraded shares of Johnson Matthey to a "strong-buy" rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Johnson Matthey Price Performance

Shares of Johnson Matthey stock opened at $65.72 on Friday. The business has a 50-day moving average price of $63.47 and a two-hundred day moving average price of $57.90. Johnson Matthey has a 1-year low of $56.22 and a 1-year high of $87.60. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

Johnson Matthey Company Profile

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.

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