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

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,498 shares, a drop 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 currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Holcim Trading Down 0.3%

Shares of Holcim stock opened at $16.07 on Tuesday. The business has a 50 day moving average of $16.57 and a 200 day moving average of $17.95. Holcim has a 52 week low of $14.79 and a 52 week high of $21.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.09.

Wall Street Analysts Forecast Growth

HCMLY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a report on Friday, July 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Holcim in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $16.80.

Check Out Our Latest Research Report on HCMLY

Holcim Company Profile

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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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