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

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

Holcim Stock Up 1.2%

OTCMKTS:HCMLY traded up $0.23 during mid-day trading on Friday, hitting $18.78. 51,448 shares of the stock were exchanged, compared to its average volume of 146,376. The firm’s 50-day simple moving average is $18.46 and its 200 day simple moving average is $18.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32. Holcim has a fifty-two week low of $15.14 and a fifty-two week high of $30.00.

Analyst Upgrades and Downgrades

HCMLY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a research report on Thursday, April 9th. BNP Paribas Exane upgraded Holcim from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim 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, DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

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.