Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Drops By 80.4%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 7,895 shares, a decrease of 80.4% from the July 30th total of 40,212 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 215,432 shares, the short-interest ratio is presently 0.0 days.

Holcim Stock Down 1.3%

OTCMKTS:HCMLY traded down $0.23 during mid-day trading on Thursday, hitting $18.01. 7,887 shares of the company’s stock were exchanged, compared to its average volume of 138,164. The company has a 50 day simple moving average of $18.12 and a 200-day simple moving average of $18.11. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. Holcim has a fifty-two week low of $15.45 and a fifty-two week high of $21.23.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HCMLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Friday, July 3rd. BNP Paribas Exane upgraded Holcim from a “neutral” rating to an “outperform” rating in a research report on Friday, June 19th. 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. Based on data from MarketBeat.com, the company 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.