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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,500 shares, an increase of 82.3% from the August 31st total of 29,900 shares. Based on an average trading volume of 278,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 278,800 shares, the days-to-cover ratio is currently 0.2 days.

Holcim Stock Down 2.7%

Shares of OTCMKTS HCMLY opened at $16.34 on Monday. Holcim has a twelve month low of $15.14 and a twelve month high of $30.00. The business has a fifty day simple moving average of $16.68 and a two-hundred day simple moving average of $20.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HCMLY shares. Kepler Capital Markets raised Holcim to a “strong-buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a report on Tuesday, June 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Holcim in a research report on Monday, July 21st. The Goldman Sachs Group started coverage on shares of Holcim in a report on Thursday, September 4th. They set a “buy” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of Holcim in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently 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.