Heidelberg Materials (OTCMKTS:HDLMY) Sees Large Growth in Short Interest

Heidelberg Materials (OTCMKTS:HDLMY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 31,332 shares, an increase of 356.1% from the August 15th total of 6,870 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 261,416 shares, the days-to-cover ratio is currently 0.1 days.

Heidelberg Materials Trading Down 1.2%

Shares of OTCMKTS:HDLMY traded down $0.44 during trading on Friday, reaching $35.45. 45,652 shares of the company’s stock traded hands, compared to its average volume of 130,543. Heidelberg Materials has a fifty-two week low of $35.45 and a fifty-two week high of $57.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 0.84. The company has a 50-day simple moving average of $38.06 and a 200-day simple moving average of $40.66.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Heidelberg Materials Company Profile

Heidelberg Materials AG is a Germany-based global building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges, buildings and other large-scale projects.

The company also provides construction-related products and services, including specialized cement and concrete solutions, recycled construction materials and other lower-carbon offerings.