Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Sees Large Drop in Short Interest

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,325 shares, a decline of 65.8% from the August 15th total of 6,791 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 93,180 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UMICY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research report on Friday, June 19th. Zacks Research upgraded shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. Berenberg Bank cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Umicore Trading Up 1.3%

Shares of UMICY traded up $0.08 during midday trading on Friday, hitting $6.44. 7,308 shares of the company traded hands, compared to its average volume of 43,508. The stock has a 50-day moving average of $6.29 and a 200-day moving average of $5.94. 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 one year low of $3.72 and a one year high of $7.68.

Umicore Company Profile

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.