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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report) saw a significant decline in short interest in 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. Based on an average daily volume of 91,435 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Umicore Stock Down 2.0%

UMICY stock opened at $5.86 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. Umicore has a one year low of $3.60 and a one year high of $7.68. The company’s 50 day moving average price is $6.41 and its two-hundred day moving average price is $5.64.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UMICY shares. Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday, June 19th. Finally, Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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About Umicore

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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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