Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Drops By 53.2%

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 11,569 shares, a decline of 53.2% from the June 30th total of 24,710 shares. Based on an average daily volume of 41,907 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UMICY shares. Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. Berenberg Bank lowered Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday, June 19th. Finally, Kepler Capital Markets lowered 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

OTCMKTS UMICY opened at $5.69 on Tuesday. The business’s 50 day moving average is $6.37 and its two-hundred day moving average is $5.74. 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 has a 12-month low of $3.72 and a 12-month high of $7.68.

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.