Days-to-cover ratio for UMC surges to 7.02 due to rise in short interest

As published in a research note from HSBC Securities on January 25, 2024, United Micro Electronics ADR [UMC] has been rated up from a Reduce to a Hold. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of April 27, 2023, HSBC Securities […]