Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Short Interest Up 104.4% in August

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,791 shares, an increase of 104.4% from the July 30th total of 3,323 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 100,406 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

UMICY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. Berenberg Bank cut Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. 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 cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Umicore Stock Down 0.1%

UMICY stock opened at $6.77 on Friday. The firm has a 50 day moving average price of $6.16 and a 200-day moving average price of $5.87. Umicore has a 52-week low of $3.72 and a 52-week high of $7.68. 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 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.