Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Decreases By 60.6%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the recipient of a large 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 131,339 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup raised Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. BNP Paribas Exane raised Holcim from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. Three research 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’s stock. According to MarketBeat.com, Holcim presently has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Holcim Trading Up 1.2%

Shares of HCMLY traded up $0.23 during midday trading on Friday, hitting $18.78. The company’s stock had a trading volume of 51,448 shares, compared to its average volume of 146,376. Holcim has a one year low of $15.14 and a one year high of $30.00. The company’s fifty day simple moving average is $18.46 and its two-hundred day simple moving average is $18.58. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49.

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.