Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Drops By 80.4%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 7,895 shares, a drop of 80.4% from the July 30th total of 40,212 shares. Based on an average daily trading volume, of 215,432 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Holcim Stock Up 2.8%

Shares of HCMLY traded up $0.51 during trading hours on Wednesday, hitting $18.25. 11,785 shares of the stock were exchanged, compared to its average volume of 138,463. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. Holcim has a 12-month low of $15.45 and a 12-month high of $21.23. The stock’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $18.12.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. BNP Paribas Exane raised shares of Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Holcim has a consensus rating of “Moderate Buy” and an average price target of $16.80.

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.