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

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

Wall Street Analysts Forecast Growth

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

Heidelberg Materials Price Performance

HDLMY traded up $1.28 on Friday, reaching $42.13. The company had a trading volume of 29,612 shares, compared to its average volume of 146,524. The business has a 50 day simple moving average of $42.55 and a 200 day simple moving average of $46.72. 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 $36.59 and a 52-week high of $57.79.

About Heidelberg Materials

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.