Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Shares Shorted: Short Interest Up 204.6% in September

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 7,081 shares, a growth of 204.6% from the August 31st total of 2,325 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on UMICY shares. Berenberg Bank cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Kepler Capital Markets lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research report on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Umicore presently has a consensus rating of “Moderate Buy”.

Umicore Stock Up 1.7%

Shares of UMICY opened at $6.10 on Friday. The firm has a fifty day moving average price of $6.38 and a 200-day moving average price of $6.01. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. Umicore has a 12-month low of $4.08 and a 12-month high of $7.68.

About Umicore

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.