Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Declines By 73.8%

by · The Cerbat Gem

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 10,137 shares, a drop of 73.8% from the April 30th total of 38,687 shares. Based on an average daily trading volume, of 104,998 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Umicore Price Performance

Umicore stock opened at $7.46 on Friday. Umicore has a one year low of $2.65 and a one year high of $7.68. The stock’s 50 day moving average price is $5.62 and its 200 day moving average price is $5.32. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UMICY shares. Zacks Research raised shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Umicore

Umicore Company Profile

(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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