Heidelberg Materials AG (OTCMKTS:HLBZF) Short Interest Update

Heidelberg Materials AG (OTCMKTS:HLBZF) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 171,000 shares, a growth of 138.2% from the March 15th total of 71,800 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 9.8 days.

Heidelberg Materials Price Performance

Shares of HLBZF traded up $8.95 during mid-day trading on Tuesday, hitting $187.68. 9,966 shares of the company’s stock were exchanged, compared to its average volume of 5,519. Heidelberg Materials has a 52 week low of $93.27 and a 52 week high of $198.19. The company has a 50-day simple moving average of $168.53 and a 200 day simple moving average of $137.19.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an “outperform” rating on shares of Heidelberg Materials in a research report on Monday.

About Heidelberg Materials

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.