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

Heidelberg Materials (OTCMKTS:HDLMY) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 31,332 shares, a growth of 356.1% from the August 15th total of 6,870 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 261,416 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Heidelberg Materials Stock Performance

Shares of HDLMY stock traded down $0.44 during trading hours on Friday, hitting $35.45. The company’s stock had a trading volume of 45,652 shares, compared to its average volume of 130,543. The company has a 50 day moving average of $38.06 and a 200 day moving average of $40.66. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.30. Heidelberg Materials has a 12-month low of $35.45 and a 12-month high of $57.79.

Heidelberg Materials Company Profile

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.