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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 30,948 shares, an increase of 406.8% from the June 30th total of 6,107 shares. Based on an average daily volume of 245,972 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Holcim Stock Performance

Shares of HCMLY stock opened at $18.04 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average is $18.60 and its two-hundred day moving average is $18.48. Holcim has a 1 year low of $15.14 and a 1 year high of $27.15.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HCMLY. The Goldman Sachs Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. BNP Paribas Exane upgraded Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Holcim in a report on Friday, July 3rd. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.