Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) Shares Shorted: Short Interest Down 73.0% in September

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,912 shares, a drop of 73.0% from the September 15th total of 7,081 shares. Based on an average trading volume of 69,963 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Umicore Stock Performance

Shares of Umicore stock opened at $5.74 on Tuesday. Umicore has a 52-week low of $4.08 and a 52-week high of $7.68. The stock’s 50-day simple moving average is $6.40 and its 200 day simple moving average is $6.11.

Wall Street Analysts Forecast Growth

UMICY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research report on Friday, June 19th. Berenberg Bank lowered Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Umicore Company Profile

Umicore is a Belgium-based materials technology and recycling company serving industries involved in clean mobility, renewable energy, electronics and other advanced applications. Its activities focus on developing, producing and recycling materials that support the transition to a lower-carbon economy.

The company’s products and services include battery materials and precursor materials for rechargeable batteries, catalysts for automotive and industrial applications, and specialty materials used in areas such as electronics, energy storage and surface technologies.