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

Johnson Matthey PLC (OTCMKTS:JMPLY) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,100 shares, a decline of 38.7% from the January 15th total of 1,795 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,347 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 1,347 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research report on Wednesday, January 21st. Zacks Research downgraded Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Citigroup restated a “neutral” rating on shares of Johnson Matthey in a research report on Tuesday, October 21st. Finally, Berenberg Bank raised shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Johnson Matthey Price Performance

Shares of OTCMKTS:JMPLY remained flat at $62.82 during midday trading on Friday. The stock had a trading volume of 28 shares, compared to its average volume of 521. The company’s 50-day moving average is $60.72 and its 200 day moving average is $55.68. Johnson Matthey has a twelve month low of $29.01 and a twelve month high of $65.70. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.63.

Johnson Matthey Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, December 2nd were issued a $0.5561 dividend. This represents a dividend yield of 394.0%. The ex-dividend date was Monday, December 1st.

About Johnson Matthey

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.