Heidelberg Materials (OTCMKTS:HDLMY) Stock Short Interest Report for September

Heidelberg Materials (OTCMKTS:HDLMY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 16,834 shares, a decline of 59.5% from the September 15th total of 41,536 shares. Based on an average daily volume of 344,333 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HDLMY shares. Royal Bank Of Canada raised Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 9th. Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Heidelberg Materials Trading Down 1.5%

Shares of OTCMKTS HDLMY traded down $0.47 during midday trading on Wednesday, reaching $31.45. 335,970 shares of the stock were exchanged, compared to its average volume of 139,570. Heidelberg Materials has a 12 month low of $30.85 and a 12 month high of $57.79. The business has a 50-day simple moving average of $35.50 and a two-hundred day simple moving average of $39.28.

Heidelberg Materials Company Profile

Heidelberg Materials 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 and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.