Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Expands By 525.9%

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 24,710 shares, a growth of 525.9% from the June 15th total of 3,948 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 67,079 shares, the short-interest ratio is presently 0.4 days.

Umicore Price Performance

Umicore stock remained flat at $5.70 during midday trading on Friday. 21,332 shares of the company’s stock traded hands, compared to its average volume of 24,412. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. The business’s 50 day moving average price is $6.56 and its 200-day moving average price is $5.71. Umicore has a one year low of $3.72 and a one year high of $7.68.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research raised shares of Umicore to a “hold” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Finally, Berenberg Bank cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.