Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Short Interest Down 91.1% in June

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,948 shares, a decline of 91.1% from the May 31st total of 44,331 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 91,435 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

UMICY has been the topic of a number of recent analyst reports. Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research report on Friday, June 19th. Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday. Zacks Research raised Umicore to a “hold” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Umicore currently has an average rating of “Moderate Buy”.

Umicore Trading Up 1.5%

Shares of Umicore stock traded up $0.09 during trading on Thursday, reaching $5.98. The company’s stock had a trading volume of 24,848 shares, compared to its average volume of 36,702. The company has a 50-day moving average price of $6.38 and a two-hundred day moving average price of $5.63. Umicore has a fifty-two week low of $3.60 and a fifty-two week high of $7.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35.

About Umicore

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.