Umicore SA (OTCMKTS:UMICY) Sees Significant Decline in Short Interest

Umicore SA (OTCMKTS:UMICY) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 200 shares, a drop of 96.8% from the August 31st total of 6,200 shares. Based on an average trading volume of 909,500 shares, the days-to-cover ratio is presently 0.0 days.

Umicore Stock Up 0.7 %

OTCMKTS:UMICY traded up $0.02 during trading hours on Wednesday, hitting $2.99. The stock had a trading volume of 211,362 shares, compared to its average volume of 301,562. The business’s 50 day moving average is $3.16 and its 200-day moving average is $4.32. Umicore has a one year low of $2.60 and a one year high of $6.90.

Umicore Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, August 20th were paid a dividend of $0.042 per share. The ex-dividend date was Tuesday, August 20th. Umicore’s payout ratio is presently 40.18%.

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.