Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Short Interest Up 525.9% in June

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 24,710 shares, an increase of 525.9% from the June 15th total of 3,948 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 67,079 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Zacks Research upgraded shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Umicore Price Performance

Umicore stock remained flat at $5.70 during trading hours on Friday. The company’s stock had a trading volume of 21,332 shares, compared to its average volume of 24,412. The firm’s 50-day moving average price is $6.56 and its 200 day moving average price is $5.71. 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 has a twelve month low of $3.72 and a twelve month 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.