Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Decreases By 71.3%

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 3,323 shares, a decline of 71.3% from the July 15th total of 11,569 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 74,901 shares, the days-to-cover ratio is currently 0.0 days.

Umicore Trading Up 1.6%

Shares of UMICY stock opened at $6.94 on Thursday. The stock’s 50-day moving average is $6.14 and its 200 day moving average is $5.81. Umicore has a 1-year low of $3.72 and a 1-year high of $7.68. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UMICY. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Kepler Capital Markets lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Zacks Research upgraded shares of Umicore to a “hold” rating in a research note on Tuesday, May 19th. Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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.