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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 49,678 shares, a decrease of 60.6% from the May 14th total of 125,941 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 131,339 shares, the days-to-cover ratio is currently 0.4 days.

Holcim Price Performance

HCMLY stock traded up $0.23 during mid-day trading on Friday, reaching $18.78. The company had a trading volume of 51,448 shares, compared to its average volume of 68,658. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.32 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $18.58. Holcim has a fifty-two week low of $15.14 and a fifty-two week high of $30.00.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HCMLY. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a research report on Thursday, April 9th. Citigroup upgraded Holcim from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. BNP Paribas Exane upgraded Holcim from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.