Short Interest in Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Decreases By 65.8%

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,325 shares, a decrease of 65.8% from the August 15th total of 6,791 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 93,180 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UMICY. Zacks Research upgraded Umicore to a “hold” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. One research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

Shares of UMICY opened at $6.44 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. Umicore has a 52 week low of $3.72 and a 52 week high of $7.68. The firm’s 50-day simple moving average is $6.29 and its 200 day simple moving average is $5.94.

About Umicore

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.