Short Interest in Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Increases By 22.5%

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 82,010 shares, an increase of 22.5% from the November 30th total of 66,936 shares. Based on an average daily trading volume, of 686,811 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 686,811 shares, the days-to-cover ratio is presently 0.1 days.

Hexagon Price Performance

OTCMKTS HXGBY traded down $0.06 on Wednesday, reaching $11.79. The company’s stock had a trading volume of 39,001 shares, compared to its average volume of 247,198. Hexagon has a 52 week low of $8.51 and a 52 week high of $12.85. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The firm has a market cap of $31.64 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 3.32 and a beta of 1.42. The business has a 50-day moving average price of $11.85 and a 200 day moving average price of $11.38.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BNP Paribas upgraded shares of Hexagon from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Pareto Securities lowered shares of Hexagon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research note on Monday, October 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average 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.