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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large decline in short interest in 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 presently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Umicore Stock Performance

Umicore stock opened at $5.69 on Tuesday. Umicore has a 52-week low of $3.72 and a 52-week high of $7.68. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $5.74.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UMICY shares. Zacks Research raised Umicore to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research report on Friday, June 19th. Finally, Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock 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.