Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Sees Large Drop in Short Interest

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,498 shares, a decline of 91.3% from the September 30th total of 86,173 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 545,854 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several brokerages have recently commented on HCMLY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Holcim currently has a consensus rating of “Buy” and an average target price of $16.80.

Holcim Stock Down 0.3%

Shares of HCMLY stock traded down $0.05 during trading hours on Monday, reaching $16.07. 235,735 shares of the stock traded hands, compared to its average volume of 156,988. Holcim has a 1-year low of $14.79 and a 1-year high of $21.23. The business has a fifty day moving average price of $16.57 and a 200 day moving average price of $17.95. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.51.

About Holcim

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its products and services support residential, commercial and infrastructure construction, with operations spanning cement, aggregates, ready-mix concrete and related building solutions.

The company also provides value-added products such as roofing systems, insulation, facade solutions and other materials designed to improve the performance, durability and sustainability of buildings. Holcim serves customers including construction companies, contractors, developers, distributors and infrastructure operators.

Holcim traces its history to Switzerland and expanded significantly through international growth and acquisitions.