Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Decreases By 71.3%

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,323 shares, a decline of 71.3% from the July 15th total of 11,569 shares. Based on an average daily volume of 74,901 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

UMICY has been the topic of a number of recent analyst reports. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Zacks Research raised shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. 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, Umicore presently has an average rating of “Moderate Buy”.

Umicore Stock Performance

Shares of UMICY stock opened at $6.94 on Thursday. The business has a fifty day moving average of $6.14 and a 200 day moving average of $5.81. Umicore has a 1 year low of $3.72 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35.

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.