Holcim Ltd (OTCMKTS: HCMLY – Get a rating) recorded a significant increase in short-term interest in April. As of April 30, there were short interests totaling 29,000 shares, an increase of 267.1% from the total of 7,900 shares as of April 15. Based on an average trading volume of 279,400 shares, the short-term interest rate ratio is currently 0.1 day.
HCMLY opened at $9.16 on Thursday. Holcim has a 12-month low of $8.69 and a 12-month high of $12.65. The company’s 50-day moving average price is $9.52 and its two-hundred-day moving average price is $10.05.
The company also recently announced a dividend, which will be paid on Friday, May 27. Shareholders of record on Tuesday, May 10 will receive a dividend of $0.4148. This represents a return of 4.26%. The ex-dividend date is Monday, May 9.
Several equity research analysts have recently commented on HCMLY shares. Barclays downgraded Holcim shares from an “overweight” rating to an “equal weight” rating in a Tuesday, April 19 research report. Morgan Stanley raised its price target on Holcim shares from CHF57 to CHF58 and gave the stock an “overweight” rating in a Monday, April 25 research report. JPMorgan Chase & Co. raised its price target on Holcim shares from CHF52 to CHF55 in a Thursday, March 3 research report. Deutsche Bank Aktiengesellschaft downgraded Holcim’s shares from a “buy” rating to a “hold” rating in a Thursday, April 28 research report. To finish, Zacks Investment Research downgraded Holcim shares from a “held” rating to a “strong sell” rating in a Wednesday, March 16 research report. Two analysts have assigned the stock a sell rating, four have assigned a hold rating and five have assigned the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.14.
Holcim Company Profile (Get a rating)
Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America. It operates through four segments: Cement, Aggregates, Ready-Mixed Concrete and Solutions & Products. The company offers cement, hydraulic binders, clinker and other cementitious materials; aggregates, such as crushed stone, gravel and sand; and ready-mixed concrete, precast concrete products, asphalts and mortars.
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