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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 11,569 shares, a decrease of 53.2% from the June 30th total of 24,710 shares. Based on an average daily trading volume, of 41,907 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Umicore Trading Down 0.0%

UMICY opened at $5.69 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $6.31 and a 200-day moving average of $5.74. Umicore has a 52-week low of $3.72 and a 52-week high of $7.68.

Wall Street Analysts Forecast Growth

UMICY has been the subject of several recent analyst reports. Berenberg Bank cut Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research note on Friday, June 19th. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Umicore to a “hold” rating in a research note on Tuesday, May 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 company’s stock. According to data from MarketBeat.com, Umicore presently has an average rating of “Moderate Buy”.

Read Our Latest Analysis on UMICY

About Umicore

(Get Free Report)

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.

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