Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Short Interest Down 84.7% in June

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a large decline in short interest during the month of 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 shares of the stock are short sold. Based on an average daily trading volume, of 299,907 shares, the days-to-cover ratio is presently 0.0 days.

Holcim Stock Performance

HCMLY stock traded up $0.28 during midday trading on Friday, hitting $18.28. The company had a trading volume of 145,665 shares, compared to its average volume of 123,329. Holcim has a 52 week low of $15.14 and a 52 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. The stock’s 50 day moving average price is $18.73 and its 200 day moving average price is $18.56.

Analysts Set New Price Targets

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

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.