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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,912 shares, a decline of 73.0% from the September 15th total of 7,081 shares. Based on an average daily volume of 69,963 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

UMICY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Umicore currently has an average rating of “Hold”.

Umicore Price Performance

Shares of UMICY opened at $5.84 on Monday. Umicore has a fifty-two week low of $4.08 and a fifty-two week high of $7.68. The firm’s 50 day moving average price is $6.41 and its 200 day moving average price is $6.10.

About Umicore

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.