Holcim AG (OTCMKTS:HCMLY) Sees Large Decline in Short Interest

Holcim AG (OTCMKTS:HCMLY) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 8,000 shares, a decline of 83.4% from the May 15th total of 48,300 shares. Based on an average daily trading volume, of 312,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Holcim Price Performance

Shares of HCMLY opened at $22.99 on Friday. The business’s 50 day moving average is $22.39 and its two-hundred day moving average is $21.22. Holcim has a 52-week low of $17.14 and a 52-week high of $30.00. The company has a quick ratio of 0.89, a current ratio of 1.23 and a debt-to-equity ratio of 0.46.

Holcim Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 28th were given a dividend of $0.6922 per share. This is a positive change from Holcim’s previous dividend of $0.57. This represents a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, May 27th.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays upgraded Holcim from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday. Citigroup lowered Holcim from a “strong-buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, Sanford C. Bernstein began coverage on Holcim in a research report on Tuesday, May 13th. They issued an “outperform” rating on the stock.

Holcim Company Profile

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.