Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Decreases By 44.1%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 24,857 shares, a decline of 44.1% from the February 12th total of 44,484 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 378,608 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 378,608 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HCMLY. BNP Paribas Exane downgraded Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 target price on the stock. in a report on Thursday, December 4th. DZ Bank lowered shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research note on Monday, January 12th. Jefferies Financial Group cut Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Citigroup upgraded Holcim from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.80.

Holcim Trading Down 4.4%

Shares of OTCMKTS HCMLY traded down $0.73 during midday trading on Thursday, hitting $15.77. 225,737 shares of the stock traded hands, compared to its average volume of 175,371. Holcim has a one year low of $15.14 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.21. The firm has a 50-day moving average of $19.16 and a two-hundred day moving average of $18.18.

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.