Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Sees Significant Decline in Short Interest

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 6,107 shares, a decline of 84.7% from the June 15th total of 40,025 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 299,907 shares, the days-to-cover ratio is currently 0.0 days.

Holcim Price Performance

HCMLY stock traded up $0.28 during midday trading on Friday, reaching $18.28. The company had a trading volume of 145,665 shares, compared to its average volume of 123,329. The stock has a 50 day moving average price of $18.73 and a 200 day moving average price of $18.56. Holcim has a fifty-two week low of $15.14 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research report on Friday, June 19th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.80.

About Holcim

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.