Short Interest in Heidelberg Materials (OTCMKTS:HDLMY) Drops By 37.7%

Heidelberg Materials (OTCMKTS:HDLMY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,706 shares, a drop of 37.7% from the June 30th total of 15,584 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 181,896 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Heidelberg Materials Stock Down 0.2%

HDLMY opened at $38.48 on Thursday. Heidelberg Materials has a 52-week low of $36.59 and a 52-week high of $57.79. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $40.46 and its two-hundred day simple moving average is $43.90.

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.