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

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

Shares of UMICY opened at $9.82 on Friday. The stock has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.74. Umicore has a one year low of $9.00 and a one year high of $17.71.

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

UMICY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Umicore from €44.00 ($46.32) to €40.00 ($42.11) in a research note on Tuesday, February 22nd. Barclays increased their target price on Umicore from €32.00 ($33.68) to €34.00 ($35.79) and gave the company an “underweight” rating in a research note on Friday, April 22nd. Morgan Stanley lowered their target price on Umicore from €45.00 ($47.37) to €36.00 ($37.89) in a research note on Wednesday, January 26th. Citigroup upgraded Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 23rd. Finally, JPMorgan Chase & Co. upgraded Umicore from an “underweight” rating to a “neutral” rating in a research note on Wednesday, March 9th. 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.50.

About Umicore (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.

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