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

Key Points

• Holcim Ltd's short interest rose by 199.0% from mid-August to late August, totaling 29,900 shares as of August 31st.
• Wall Street analysts have recently upgraded Holcim's stock ratings, with Barclays and Kepler Capital Markets assigning a “strong-buy” rating.
• The stock is trading around $17.42, with a current consensus rating of "Moderate Buy" from analysts.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 29,900 shares, an increase of 199.0% from the August 15th total of 10,000 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 496,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 496,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Holcim Stock Performance

HCMLY opened at $17.42 on Friday. The stock's 50 day moving average price is $19.43 and its two-hundred day moving average price is $21.43. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.43. Holcim has a 12-month low of $15.14 and a 12-month high of $30.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HCMLY shares. Barclays raised Holcim from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, June 10th. Citigroup reissued a "neutral" rating on shares of Holcim in a report on Monday, July 14th. Kepler Capital Markets raised Holcim to a "strong-buy" rating in a report on Thursday, July 24th. Zacks Research raised Holcim from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Holcim in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

About Holcim

Holcim AG, together with its subsidiaries, operates as a building materials and solutions company worldwide. It operates through North America; Latin America; Europe; Asia, Middle East & Africa; and Solutions & Products segments. The company offers cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation tile adhesives, facade solutions, and contracting and services.

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