Umicore SA (OTCMKTS:UMICY) Sees Large Increase in Short Interest

Umicore SA (OTCMKTS:UMICY) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 85,000 shares, a growth of 114.6% from the July 31st total of 39,600 shares. Based on an average daily trading volume, of 1,211,100 shares, the days-to-cover ratio is presently 0.1 days.

Umicore Stock Performance

Shares of UMICY stock traded up $0.02 during trading on Thursday, reaching $3.11. The company’s stock had a trading volume of 357,845 shares, compared to its average volume of 291,552. The business has a fifty day moving average price of $3.49 and a 200-day moving average price of $4.66. Umicore has a one year low of $2.97 and a one year high of $6.90.

Umicore Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 5th. Stockholders of record on Tuesday, August 20th will be given a $0.042 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. Umicore’s dividend payout ratio is presently 40.18%.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.