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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,323 shares, a decline of 71.3% from the July 15th total of 11,569 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 74,901 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Zacks Research upgraded Umicore to a “hold” rating in a research note on Tuesday, May 19th. Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Berenberg Bank cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Umicore Stock Performance

Shares of OTCMKTS UMICY opened at $6.65 on Friday. The business has a 50-day moving average of $6.14 and a 200-day moving average of $5.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35. Umicore has a fifty-two week low of $3.72 and a fifty-two week high of $7.68.

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.