Umicore SA (OTCMKTS:UMICY) Sees Large Drop in Short Interest

Umicore SA (OTCMKTS:UMICY) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 22,500 shares, a decrease of 59.5% from the March 31st total of 55,600 shares. Based on an average daily volume of 462,500 shares, the short-interest ratio is currently 0.0 days.

Umicore Stock Down 0.4 %

Shares of Umicore stock opened at $5.61 on Friday. The company has a fifty day moving average price of $5.49 and a 200 day moving average price of $5.91. Umicore has a twelve month low of $5.11 and a twelve month high of $8.31.

Umicore Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Tuesday, April 30th will be issued a $0.0909 dividend. The ex-dividend date is Monday, April 29th. This is a positive change from Umicore’s previous dividend of $0.04. Umicore’s payout ratio is currently 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.