Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 98,010 shares, an increase of 1,005.8% from the August 31st total of 8,863 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 341,334 shares, the short-interest ratio is currently 0.3 days.
Holcim Trading Down 1.1%
Shares of Holcim stock traded down $0.18 on Thursday, reaching $16.10. 362,777 shares of the company’s stock were exchanged, compared to its average volume of 157,488. Holcim has a 52 week low of $15.45 and a 52 week high of $21.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.32 and a quick ratio of 1.09. The firm’s 50-day moving average is $17.56 and its two-hundred day moving average is $17.90.
Analysts Set New Price Targets
A number of brokerages have weighed in on HCMLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Friday, July 3rd. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $16.80.
Holcim Company Profile
Holcim Ltd. is a Switzerland-based global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include cement, aggregates, ready-mix concrete and precast products, as well as roofing systems and other building solutions.
The company serves construction customers across Europe, Latin America, Asia and Africa through a network of manufacturing facilities, distribution operations and brands. Holcim also focuses on lower-carbon construction through alternative fuels, recycled materials, products designed to reduce embodied carbon and solutions that support the circular use of building materials.
Holcim traces its origins to 1912, when it was established in Switzerland as Holderbank.
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