HeidelbergCement AG (OTCMKTS:HDELY) Short Interest Update

HeidelbergCement AG (OTCMKTS:HDELYGet Rating) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 15,400 shares, a decrease of 57.2% from the May 15th total of 36,000 shares. Based on an average daily volume of 219,900 shares, the days-to-cover ratio is currently 0.1 days.

Several equities research analysts have commented on the stock. Credit Suisse Group lowered their price target on shares of HeidelbergCement from €74.00 ($79.57) to €68.00 ($73.12) in a report on Thursday, March 17th. JPMorgan Chase & Co. decreased their price objective on shares of HeidelbergCement from €60.00 ($64.52) to €59.00 ($63.44) and set a “neutral” rating for the company in a research report on Thursday, May 12th. Berenberg Bank decreased their price objective on shares of HeidelbergCement from €70.00 ($75.27) to €65.00 ($69.89) and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of HeidelbergCement from €68.00 ($73.12) to €67.00 ($72.04) and set an “equal weight” rating for the company in a research report on Friday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Shares of HDELY traded down $0.52 during mid-day trading on Friday, hitting $10.80. 89,578 shares of the company were exchanged, compared to its average volume of 90,912. HeidelbergCement has a 1-year low of $10.52 and a 1-year high of $18.23. The company has a quick ratio of 0.84, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $11.25 and a 200-day moving average of $12.69.

The business also recently declared a dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 16th were given a dividend of $0.3371 per share. The ex-dividend date was Friday, May 13th. This represents a dividend yield of 3.14%.

About HeidelbergCement (Get Rating)

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

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