Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Sees Significant Decrease in Short Interest

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 11,569 shares, a drop of 53.2% from the June 30th total of 24,710 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,907 shares, the days-to-cover ratio is presently 0.3 days.

Umicore Trading Up 0.0%

Shares of OTCMKTS:UMICY opened at $5.69 on Wednesday. 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 simple moving average is $6.34 and its 200-day simple moving average is $5.74. Umicore has a 12 month low of $3.72 and a 12 month high of $7.68.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UMICY shares. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Finally, Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Umicore Company Profile

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.