Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Grows By 406.8%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 30,948 shares, an increase of 406.8% from the June 30th total of 6,107 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 245,972 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HCMLY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Holcim in a report on Friday, July 3rd. Finally, DZ Bank raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Holcim currently has an average rating of “Moderate Buy” and an average price target of $16.80.

Holcim Stock Performance

Shares of Holcim stock traded down $0.01 during trading on Friday, reaching $18.04. 92,955 shares of the stock traded hands, compared to its average volume of 101,630. Holcim has a 52-week low of $15.14 and a 52-week high of $27.15. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $18.60 and a two-hundred day simple moving average of $18.48.

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.