Umicore SA (OTCMKTS:UMICY) Short Interest Down 98.4% in October

Umicore SA (OTCMKTS:UMICY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 100 shares, a drop of 98.4% from the September 30th total of 6,100 shares. Based on an average trading volume of 258,200 shares, the short-interest ratio is currently 0.0 days.

Umicore Price Performance

Shares of Umicore stock traded up $0.04 during mid-day trading on Friday, hitting $2.89. 144,761 shares of the stock were exchanged, compared to its average volume of 288,956. The company has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $3.95. Umicore has a 12 month low of $2.60 and a 12 month high of $6.90.

Umicore Cuts Dividend

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

Umicore Company Profile

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.