Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Sees Large Drop in Short Interest

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 19,454 shares, a drop of 21.7% from the February 26th total of 24,857 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 570,355 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HCMLY shares. The Goldman Sachs Group lowered shares of Holcim from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. DZ Bank downgraded shares of Holcim from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Citigroup upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Jefferies Financial Group downgraded Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane cut Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price target for the company. in a report on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.80.

Holcim Trading Up 0.5%

Shares of Holcim stock opened at $16.22 on Tuesday. Holcim has a twelve month low of $15.14 and a twelve month high of $30.00. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $18.14.

Holcim Company Profile

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.