Short Interest in Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Rises By 305.1%

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 152,872 shares, an increase of 305.1% from the May 31st total of 37,737 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 453,669 shares, the days-to-cover ratio is currently 0.3 days.

Hexagon Price Performance

Shares of HXGBY stock traded up $0.06 during mid-day trading on Friday, hitting $8.25. 529,070 shares of the stock were exchanged, compared to its average volume of 1,130,096. Hexagon has a 52-week low of $8.03 and a 52-week high of $12.85. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The company has a market cap of $22.15 billion, a PE ratio of 9.48 and a beta of 1.40. The firm has a fifty day moving average of $10.28 and a 200 day moving average of $10.72.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. Research analysts anticipate that Hexagon will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hexagon currently has an average rating of “Hold”.

Hexagon Company Profile

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.