Johnson Matthey PLC (OTCMKTS:JMPLY) Short Interest Up 255.9% in December

Johnson Matthey PLC (OTCMKTS:JMPLY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,705 shares, a growth of 255.9% from the December 15th total of 479 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,431 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 1,431 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JMPLY. Zacks Research cut shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Citigroup reissued a “neutral” rating on shares of Johnson Matthey in a research report on Tuesday, October 21st. Berenberg Bank raised Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Finally, Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

JMPLY stock opened at $62.48 on Tuesday. Johnson Matthey has a twelve month low of $29.01 and a twelve month high of $62.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28. The business’s 50-day simple moving average is $55.99 and its 200 day simple moving average is $53.39.

Johnson Matthey Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.5561 per share. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 394.0%.

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.