Short Interest in Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Increases By 988.1%

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a significant growth in short interest in 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 volume of 721,548 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Hexagon Price Performance

Shares of HXGBY stock remained flat at $10.91 during trading hours on Thursday. The stock had a trading volume of 28,208 shares, compared to its average volume of 477,869. 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. The firm has a 50 day moving average of $10.43 and a two-hundred day moving average of $11.04. The company has a market capitalization of $29.29 billion, a P/E ratio of 12.54 and a beta of 1.42.

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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hexagon had a return on equity of 9.74% and a net margin of 40.44%. On average, equities research analysts expect that Hexagon will post 0.31 earnings per share for the current 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.