Short Interest in Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Drops By 84.2%

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 37,737 shares, a drop of 84.2% from the May 14th total of 239,195 shares. Based on an average daily volume of 488,722 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hexagon Price Performance

OTCMKTS HXGBY opened at $10.15 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44. The firm’s 50 day moving average price is $10.58 and its 200-day moving average price is $10.98. Hexagon has a 52-week low of $9.19 and a 52-week high of $12.85. The company has a market cap of $27.25 billion, a PE ratio of 11.67 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.50 billion. Sell-side analysts forecast that Hexagon will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hexagon 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.