Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Drops By 21.7%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 19,454 shares, a drop of 21.7% from the February 26th total of 24,857 shares. Based on an average trading volume of 570,355 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Holcim Stock Performance

OTCMKTS:HCMLY opened at $16.14 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. Holcim has a 12-month low of $15.14 and a 12-month high of $30.00. The stock has a 50-day moving average price of $18.32 and a 200 day moving average price of $18.14.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a report on Monday, January 12th. Jefferies Financial Group cut shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. BNP Paribas Exane downgraded Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 target price on the stock. in a research note on Thursday, December 4th. Citigroup raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group downgraded Holcim from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently 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.