Heidelberg Materials (OTCMKTS:HDLMY) Stock Short Interest Falls 59.5%

Heidelberg Materials (OTCMKTS:HDLMY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 16,834 shares, a decrease of 59.5% from the September 15th total of 41,536 shares. Based on an average daily volume of 344,333 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages have commented on HDLMY. Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Royal Bank Of Canada upgraded Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Heidelberg Materials Stock Performance

HDLMY stock opened at $31.75 on Tuesday. The firm’s 50-day moving average is $35.62 and its two-hundred day moving average is $39.36. Heidelberg Materials has a 52 week low of $30.85 and a 52 week high of $57.79.

About Heidelberg Materials

Heidelberg Materials 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 and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.