Heidelberg Materials (OTCMKTS:HDLMY) Short Interest Up 102.2% in June

Heidelberg Materials (OTCMKTS:HDLMY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 15,584 shares, an increase of 102.2% from the June 15th total of 7,707 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 132,555 shares, the days-to-cover ratio is currently 0.1 days.

Heidelberg Materials Trading Down 1.0%

Shares of OTCMKTS HDLMY traded down $0.39 during mid-day trading on Thursday, hitting $39.58. 68,789 shares of the stock were exchanged, compared to its average volume of 135,437. The stock’s fifty day simple moving average is $41.05 and its two-hundred day simple moving average is $44.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 1.24. Heidelberg Materials has a twelve month low of $36.59 and a twelve month high of $57.79.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Heidelberg Materials has a consensus rating of “Moderate Buy”.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany?based multinational building materials company with a core focus on cement production, aggregates, ready?mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.