Short Interest in Umicore SA (OTCMKTS:UMICY) Grows By 1,140.0%

Umicore SA (OTCMKTS:UMICY) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 24,800 shares, an increase of 1,140.0% from the March 31st total of 2,000 shares. Based on an average trading volume of 243,000 shares, the short-interest ratio is currently 0.1 days.

Umicore Trading Up 0.2 %

OTCMKTS:UMICY opened at $2.34 on Friday. Umicore has a one year low of $1.96 and a one year high of $6.09. The firm’s 50 day simple moving average is $2.29 and its 200 day simple moving average is $2.55.

Umicore Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.0345 dividend. The ex-dividend date is Tuesday, April 29th. This represents a dividend yield of 3.32%. Umicore’s dividend payout ratio is 40.18%.

Wall Street Analyst Weigh In

Separately, Oddo Bhf raised Umicore to a “neutral” rating in a report on Thursday, April 3rd.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.