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

Umicore SA (OTCMKTS:UMICY) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 22,500 shares, a drop of 59.5% from the March 31st total of 55,600 shares. Based on an average daily trading volume, of 462,500 shares, the short-interest ratio is presently 0.0 days.

Umicore Stock Performance

Shares of OTCMKTS:UMICY opened at $5.61 on Friday. Umicore has a 1-year low of $5.11 and a 1-year high of $8.31. The company has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.91.

Umicore Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Tuesday, April 30th will be given a $0.0909 dividend. The ex-dividend date is Monday, April 29th. This is an increase from Umicore’s previous dividend of $0.04. Umicore’s dividend payout ratio is 40.18%.

About Umicore

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.