Heidelberg Materials (OTCMKTS:HDLMY) Sees Large Growth in Short Interest

Heidelberg Materials (OTCMKTS:HDLMY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,425 shares, a growth of 549.0% from the May 14th total of 1,144 shares. Based on an average daily trading volume, of 251,585 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Heidelberg Materials Stock Performance

Shares of Heidelberg Materials stock opened at $40.48 on Wednesday. The company’s fifty day simple moving average is $42.61 and its 200-day simple moving average is $46.83. Heidelberg Materials has a 1-year low of $36.59 and a 1-year 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.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup upgraded shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “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.