Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Increases By 122.4%

Key Points

• Short interest more than doubled — short interest in Holcim's unsponsored ADR rose 122.4% to 43,272 shares as of March 31 (up from 19,454 on March 15), but still represents 0.0% of shares with a days-to-cover of about 0.1 based on average daily volume.
• Analyst consensus is "Moderate Buy" — MarketBeat shows a consensus rating of Moderate Buy with an average target price of $16.80, backed by a mix of recent upgrades (e.g., Goldman Sachs, Citigroup) and downgrades.
• Current price and range — HCMLY opened at $18.30, trading between a 52-week low of $15.14 and high of $30.00, with a 50-day moving average of $17.71 and a 200-day moving average of $18.13.

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 43,272 shares, a growth of 122.4% from the March 15th total of 19,454 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 429,069 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HCMLY shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Holcim in a report on Monday, January 12th. DZ Bank lowered shares of Holcim from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. The Goldman Sachs Group raised shares of Holcim from a "hold" rating to a "buy" rating in a report on Thursday. Citigroup raised shares of Holcim from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 5th. Finally, BNP Paribas Exane raised shares of Holcim from a "strong sell" rating to a "hold" rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Holcim presently has a consensus rating of "Moderate Buy" and an average target price of $16.80.

Holcim Price Performance

HCMLY opened at $18.30 on Friday. Holcim has a fifty-two week low of $15.14 and a fifty-two week high of $30.00. The company's 50 day moving average price is $17.71 and its two-hundred day moving average price is $18.13.

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.

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