Heidelberg Materials (OTCMKTS:HDLMY) Short Interest Update

Heidelberg Materials (OTCMKTS:HDLMY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 31,332 shares, an increase of 356.1% from the August 15th total of 6,870 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 261,416 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Heidelberg Materials Trading Down 0.1%

OTCMKTS:HDLMY traded down $0.04 on Friday, hitting $35.85. 141,171 shares of the company’s stock were exchanged, compared to its average volume of 123,879. The firm has a 50-day moving average price of $37.99 and a 200-day moving average price of $40.63. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 0.30. Heidelberg Materials has a 52 week low of $35.45 and a 52 week 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.