Short Interest in Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Decreases By 37.8%

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 82,552 shares, a decline of 37.8% from the April 15th total of 132,744 shares. Based on an average trading volume of 237,230 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BNP Paribas Exane raised Holcim from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Citigroup raised Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $16.80.

Holcim Trading Down 5.8%

Shares of HCMLY traded down $1.12 on Friday, reaching $18.30. The stock had a trading volume of 74,310 shares, compared to its average volume of 99,252. Holcim has a twelve month low of $15.14 and a twelve month high of $30.00. The firm has a 50-day moving average of $17.53 and a 200 day moving average of $18.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32.

Holcim Company Profile

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.