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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 77,754 shares, a growth of 30.5% from the January 15th total of 59,574 shares. Based on an average trading volume of 176,594 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 176,594 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

HCMLY has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research report on Monday, January 12th. Citigroup reaffirmed a “neutral” rating on shares of Holcim in a report on Tuesday, January 13th. The Goldman Sachs Group cut shares of Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BNP Paribas Exane lowered shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price objective for the company. in a research report on Thursday, December 4th. Finally, Jefferies Financial Group cut shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Stock Down 2.6%

Holcim stock opened at $18.14 on Monday. Holcim has a fifty-two week low of $15.14 and a fifty-two week high of $30.00. The firm’s 50 day simple moving average is $19.61 and its 200-day simple moving average is $18.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.21.

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.