Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY) Short Interest Update

Key Points

• Umicore S.A. experienced a notable decline in short interest, dropping 84.8% to 1,000 shares by September 15th, which results in a short-interest ratio of 0.0 days.
• Analysts have upgraded Umicore's rating, with Goldman Sachs and Jefferies both rating it as a "buy," contributing to an average rating of "Moderate Buy" among research analysts.
• As of the latest data, Umicore's stock price increased by 1.6%, with a twelve month low of $1.96 and a high of $4.53, reflecting its current market capitalization of $4.21 billion.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,000 shares, a drop of 84.8% from the August 31st total of 6,600 shares. Based on an average daily volume of 30,300 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 30,300 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UMICY. The Goldman Sachs Group upgraded Umicore to a "buy" rating in a report on Monday, June 9th. Jefferies Financial Group upgraded shares of Umicore to a "buy" rating in a research report on Monday, June 16th. Finally, Cfra Research upgraded shares of Umicore from a "moderate sell" rating to a "hold" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Umicore Stock Up 1.6%

Shares of OTCMKTS:UMICY opened at $4.38 on Wednesday. Umicore has a twelve month low of $1.96 and a twelve month high of $4.53. The stock's 50 day moving average is $3.97 and its 200-day moving average is $3.25. The firm has a market capitalization of $4.21 billion and a price-to-earnings ratio of 5.18.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.