Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Shares Shorted: Short Interest Up 898.0% in October

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 74,831 shares, a growth of 898.0% from the October 15th total of 7,498 shares. Based on an average daily trading volume, of 361,530 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Holcim Stock Performance

Shares of HCMLY opened at $17.86 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. Holcim has a 52-week low of $14.79 and a 52-week high of $21.23. The company has a 50-day simple moving average of $16.52 and a 200-day simple moving average of $17.79.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Holcim currently has a consensus rating of “Buy” and an average target price of $16.80.

About Holcim

Holcim is a Switzerland-based building materials and construction solutions company. It produces and supplies cement, aggregates, ready-mix concrete and other materials used in residential, commercial and infrastructure projects. The company also offers products and services focused on building and renovation, including roofing and insulation solutions in selected markets. Its portfolio includes lower-carbon cement and concrete products designed to support more sustainable construction. Holcim serves customers across Europe, Latin America, Asia, the Middle East and Africa.