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

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

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hexagon Stock Up 1.4%

Shares of Hexagon stock traded up $0.15 during trading on Wednesday, reaching $10.91. The stock had a trading volume of 107,642 shares, compared to its average volume of 307,469. The company has a market capitalization of $29.29 billion, a price-to-earnings ratio of 12.54 and a beta of 1.42. The stock has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $11.04. Hexagon has a 52 week low of $9.19 and a 52 week high of $12.85. 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 (OTCMKTS:HXGBY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. Sell-side analysts predict that Hexagon will post 0.31 EPS for the current fiscal year.

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.