Short Interest in Heidelberg Materials (OTCMKTS:HDLMY) Increases By 356.1%

Heidelberg Materials (OTCMKTS:HDLMY) saw 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 261,416 shares, the days-to-cover ratio is presently 0.1 days.

Heidelberg Materials Price Performance

OTCMKTS HDLMY traded down $0.04 during trading hours on Friday, reaching $35.85. 141,171 shares of the company’s stock traded hands, compared to its average volume of 123,879. Heidelberg Materials has a 52-week low of $35.45 and a 52-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 firm has a 50-day simple moving average of $37.99 and a 200 day simple moving average of $40.63.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Heidelberg Materials presently has an average rating of “Buy”.

About Heidelberg Materials

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.