Short Interest in Heidelberg Materials AG (OTCMKTS:HLBZF) Grows By 57.5%

Heidelberg Materials AG (OTCMKTS:HLBZF) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 254,609 shares, a growth of 57.5% from the May 14th total of 161,626 shares. Based on an average trading volume of 1,841 shares, the short-interest ratio is currently 138.3 days.

Heidelberg Materials Stock Performance

Shares of HLBZF traded up $3.36 during trading hours on Tuesday, reaching $221.30. The company had a trading volume of 324 shares, compared to its average volume of 1,143. The firm has a 50 day simple moving average of $213.56 and a 200-day simple moving average of $234.56. Heidelberg Materials has a 12-month low of $181.00 and a 12-month high of $299.59.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of Heidelberg Materials in a research note on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.

In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.