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

Key Points

• Short interest plunged 91.3% to 7,498 shares as of October 15, down from 86,173 shares on September 30. Short interest represented 0.0% of outstanding shares, with a short-interest ratio of 0.0 days.
• Analysts maintain a generally positive view of Holcim, with an average rating of “Buy” and an average price target of $16.80. Two analysts rate the stock a Strong Buy, four rate it Buy and two assign a Hold rating.
• HCMLY shares recently traded at $16.07, below their 50-day and 200-day moving averages of $16.57 and $17.95, respectively, and within a 52-week range of $14.79 to $21.23.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) was the recipient of a significant decline in short interest in 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. Based on an average daily volume of 545,854 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCMLY shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Holcim in a research report on Friday, July 3rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Holcim in a research note on Monday. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $16.80.

Holcim Stock Performance

Shares of HCMLY traded down $0.05 during mid-day trading on Monday, hitting $16.07. The company's stock had a trading volume of 235,735 shares, compared to its average volume of 156,988. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.09. The firm has a 50-day moving average price of $16.57 and a 200 day moving average price of $17.95. Holcim has a fifty-two week low of $14.79 and a fifty-two week high of $21.23.

Holcim Company Profile

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.

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