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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,948 shares, a decline of 91.1% from the May 31st total of 44,331 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 91,435 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UMICY shares. Zacks Research raised Umicore to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Berenberg Bank lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Finally, Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Umicore Stock Up 1.5%

UMICY traded up $0.09 during trading on Thursday, reaching $5.98. The company’s stock had a trading volume of 24,848 shares, compared to its average volume of 36,702. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. The company’s fifty day moving average price is $6.38 and its 200-day moving average price is $5.63. Umicore has a 52-week low of $3.60 and a 52-week high of $7.68.

About Umicore

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.