Umicore SA (OTCMKTS:UMICY) Sees Significant Drop in Short Interest

Umicore SA (OTCMKTS:UMICY – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,200 shares, a drop of 52.0% from the April 15th total of 2,500 shares. Based on an average trading volume of 158,000 shares, the short-interest ratio is presently 0.0 days.

Shares of OTCMKTS:UMICY opened at $10.28 on Friday. The company’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $10.74. Umicore has a 1 year low of $9.00 and a 1 year high of $17.71.

The company also recently disclosed a dividend, which will be paid on Thursday, May 19th. Investors of record on Tuesday, May 3rd will be paid a $0.0915 dividend. The ex-dividend date of this dividend is Monday, May 2nd. This represents a yield of 1.41%.

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of Umicore from €32.00 ($33.68) to €34.00 ($35.79) and gave the stock an “underweight” rating in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Umicore from €44.00 ($46.32) to €40.00 ($42.11) in a report on Tuesday, February 22nd. JPMorgan Chase & Co. raised shares of Umicore from an “underweight” rating to a “neutral” rating in a report on Wednesday, March 9th. Morgan Stanley lowered their target price on shares of Umicore from €45.00 ($47.37) to €36.00 ($37.89) in a report on Wednesday, January 26th. Finally, Citigroup raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, March 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Umicore has an average rating of “Hold” and a consensus price target of $42.50.

Umicore Company Profile (Get Rating)

Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

Read More