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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,081 shares, an increase of 204.6% from the August 31st total of 2,325 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is currently 0.1 days.

Umicore Trading Up 1.7%

Shares of UMICY stock opened at $6.10 on Friday. The stock’s 50-day moving average is $6.38 and its 200 day moving average is $6.01. Umicore has a 1-year low of $4.08 and a 1-year high of $7.68. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UMICY shares. Berenberg Bank cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a report on Friday, June 19th. Finally, Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Umicore

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.