Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Drops By 91.1%

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,948 shares, a drop of 91.1% from the May 31st total of 44,331 shares. Based on an average trading volume of 91,435 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Umicore Stock Performance

Umicore stock opened at $5.98 on Friday. Umicore has a 1 year low of $3.60 and a 1 year high of $7.68. The firm’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $5.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Zacks Research raised Umicore to a “hold” rating in a research note on Tuesday, May 19th. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Finally, Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Umicore

About Umicore

(Get Free Report)

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.

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