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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 6,791 shares, a growth of 104.4% from the July 30th total of 3,323 shares. Based on an average trading volume of 100,406 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Umicore Trading Down 0.1%

Shares of OTCMKTS:UMICY opened at $6.77 on Friday. 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 firm’s 50 day moving average price is $6.16 and its 200-day moving average price is $5.87. Umicore has a twelve month low of $3.72 and a twelve month high of $7.68.

Analyst Ratings Changes

A number of brokerages recently issued reports on UMICY. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday, June 19th. Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Zacks Research upgraded shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. Finally, Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. One investment 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 MarketBeat, Umicore 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.