Heidelberg Materials AG (OTCMKTS:HDELY) Short Interest Update

Heidelberg Materials AG (OTCMKTS:HDELY) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 13,800 shares, a drop of 18.3% from the August 15th total of 16,900 shares. Based on an average daily trading volume, of 62,300 shares, the days-to-cover ratio is presently 0.2 days.

Heidelberg Materials Price Performance

OTCMKTS:HDELY opened at $15.25 on Tuesday. The firm’s fifty day simple moving average is $16.06 and its 200 day simple moving average is $15.29. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.30. Heidelberg Materials has a 1 year low of $7.49 and a 1 year high of $16.99.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HDELY. HSBC cut Heidelberg Materials from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BNP Paribas upgraded shares of Heidelberg Materials from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 20th. Finally, JPMorgan Chase & Co. upgraded shares of Heidelberg Materials from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.38.

About Heidelberg Materials

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.