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

Key Points

• Umicore S.A. experienced a remarkable increase in short interest, rising by 3,710.0% from 1,000 to 38,100 shares as of September 30th.
• The company's stock peaked at $5.22 over the past 12 months but recently traded down by 3.9% to $4.91.
• Analysts are optimistic about Umicore, with ratings that include one "Strong Buy," one "Buy," and two "Hold," leading to a consensus rating of "Moderate Buy."

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 38,100 shares, a growth of 3,710.0% from the September 15th total of 1,000 shares. Based on an average daily trading volume, of 47,400 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 47,400 shares, the short-interest ratio is presently 0.8 days.

Umicore Stock Down 3.9%

Shares of UMICY traded down $0.20 during trading hours on Thursday, reaching $4.91. 49,126 shares of the company traded hands, compared to its average volume of 75,782. The stock has a market capitalization of $4.72 billion and a P/E ratio of 5.80. Umicore has a 12-month low of $1.96 and a 12-month high of $5.22. The business has a fifty day moving average price of $4.09 and a 200-day moving average price of $3.41.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Umicore to a "strong-buy" rating in a research note on Wednesday, October 8th. Cfra Research raised shares of Umicore from a "moderate sell" rating to a "hold" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

About Umicore

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.

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