Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 24,710 shares, an increase of 525.9% from the June 15th total of 3,948 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 67,079 shares, the days-to-cover ratio is presently 0.4 days.
Umicore Stock Up 1.3%
UMICY stock traded up $0.07 during midday trading on Monday, reaching $5.78. The stock had a trading volume of 7,005 shares, compared to its average volume of 35,181. Umicore has a 52-week low of $3.72 and a 52-week high of $7.68. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $6.56 and its 200 day simple moving average is $5.71.
Analysts Set New Price Targets
Several research firms have issued reports on UMICY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday, June 19th. Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Berenberg Bank lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded Umicore to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
About Umicore
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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