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

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

Wall Street Analysts Forecast Growth

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

Heidelberg Materials Stock Up 1.5%

OTCMKTS:HLBZF traded up $3.36 during trading hours on Tuesday, reaching $221.30. 324 shares of the company’s stock were exchanged, compared to its average volume of 1,143. The company has a 50-day moving average of $213.56 and a 200 day moving average of $234.56. Heidelberg Materials has a 1-year low of $181.00 and a 1-year high of $299.59.

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 CO? management services.