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

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

Analysts Set New Price Targets

Several analysts recently commented on HCMLY shares. BNP Paribas Exane upgraded Holcim from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Citigroup upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Holcim has an average rating of “Moderate Buy” and an average target price of $16.80.

Holcim Price Performance

OTCMKTS:HCMLY traded up $0.23 on Friday, hitting $18.78. The stock 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 quick ratio of 1.09 and a current ratio of 1.32. The company has a fifty day moving average price of $18.49 and a two-hundred day moving average price of $18.58. Holcim has a 1-year low of $15.14 and a 1-year high of $30.00.

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.