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

Heidelberg Materials (OTCMKTS:HDLMY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,425 shares, a growth of 549.0% from the May 14th total of 1,144 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 251,585 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

HDLMY has been the topic of several analyst reports. Citigroup raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, Heidelberg Materials presently has an average rating of “Buy”.

Heidelberg Materials Stock Performance

OTCMKTS:HDLMY opened at $40.48 on Wednesday. The company’s 50 day moving average price is $42.61 and its 200-day moving average price is $46.83. Heidelberg Materials has a 52 week low of $36.59 and a 52 week high of $57.79. 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 Company Profile

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany?based multinational building materials company with a core focus on cement production, aggregates, ready?mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.