Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Sees Large Growth in Short Interest

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 239,195 shares, a growth of 988.1% from the April 30th total of 21,982 shares. Based on an average daily trading volume, of 721,548 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Hexagon Trading Down 3.9%

OTCMKTS:HXGBY traded down $0.44 on Friday, reaching $10.80. 219,704 shares of the stock traded hands, compared to its average volume of 475,464. The firm has a market capitalization of $28.99 billion, a price-to-earnings ratio of 12.41 and a beta of 1.42. The company’s 50 day moving average is $10.44 and its 200-day moving average is $11.03. The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. Hexagon has a 1-year low of $9.19 and a 1-year high of $12.85.

Hexagon (OTCMKTS:HXGBY) last released its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. Equities research analysts anticipate that Hexagon will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

About Hexagon

Hexagon AB (publ) is a Sweden-based global provider of digital reality solutions, combining sensor, software and autonomous technologies. The company develops measurement instruments, software and data analytics platforms that enable customers to capture, process and visualize information about physical assets, infrastructure and environments. Hexagon’s offerings are designed to improve productivity and quality in sectors such as manufacturing, construction, surveying, agriculture, mining, public safety and utilities.

The company’s hardware portfolio includes positioning and dimensioning sensors, laser scanners, GNSS receivers and total stations used for surveying and geospatial data acquisition.