Heidelberg Materials (OTCMKTS:HDLMY) Sees Significant Drop in Short Interest

Heidelberg Materials (OTCMKTS:HDLMY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 9,706 shares, a decline of 37.7% from the June 30th total of 15,584 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 181,896 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Heidelberg Materials Stock Down 2.7%

Shares of OTCMKTS:HDLMY traded down $1.02 during midday trading on Friday, reaching $37.23. 75,666 shares of the company were exchanged, compared to its average volume of 83,817. Heidelberg Materials has a fifty-two week low of $36.15 and a fifty-two week high of $57.79. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $40.36 and a two-hundred day simple moving average of $43.74.

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.