After Reaching Milestone, Is UMICORE GROUP ORDINARY SHARES (OTCMKTS:UMICF)’s Short Interest Revealing Something?

June 13, 2018 - By Graig Alexander

Umicore S.A. (OTCMKTS:UMICF) Logo

The stock of UMICORE GROUP ORDINARY SHARES (OTCMKTS:UMICF) registered a decrease of 21.39% in short interest. UMICF’s total short interest was 1.85 million shares in June as published by FINRA. Its down 21.39% from 2.36M shares, reported previously. With 1,100 shares average volume, it will take short sellers 1686 days to cover their UMICF’s short positions. The short interest to UMICORE GROUP ORDINARY SHARES’s float is 1.01%.

It closed at $58.5342 lastly. It is down 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Umicore S.A. operates as a materials technology and recycling firm worldwide. The company has market cap of $14.38 billion. The Company’s Catalysis segment produces automotive catalysts for emission abatement in light and heavy duty vehicles, as well as catalyst products used in chemical processes, such as the fine chemical and life science industries. It has a 49.73 P/E ratio. The company??s Energy & Surface Technologies segment offers cobalt and specialty materials, electro-optic materials, rechargeable battery materials, and thin film products, as well as electroplating products; and material solutions for surface treatment in various industries, such as construction and electronics.

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