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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 44,331 shares, a growth of 337.3% from the May 14th total of 10,137 shares. Based on an average daily trading volume, of 44,200 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

UMICY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised Umicore to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Umicore Price Performance

UMICY stock opened at $6.20 on Thursday. The company has a 50 day simple moving average of $6.04 and a 200 day simple moving average of $5.47. Umicore has a 1 year low of $3.22 and a 1 year high of $7.68. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

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.