Heidelberg Materials (OTCMKTS:HDLMY) Stock Short Interest Falls 59.5%

Heidelberg Materials (OTCMKTS:HDLMY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 16,834 shares, a drop of 59.5% from the September 15th total of 41,536 shares. Based on an average daily volume of 344,333 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Heidelberg Materials Stock Down 1.0%

OTCMKTS HDLMY opened at $31.75 on Tuesday. Heidelberg Materials has a 1 year low of $30.85 and a 1 year high of $57.79. The business’s fifty day moving average is $35.62 and its two-hundred day moving average is $39.36.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HDLMY. Royal Bank Of Canada raised Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a research note on Friday. Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Heidelberg Materials presently has a consensus rating of “Buy”.

About Heidelberg Materials

Heidelberg Materials 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 and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.