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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 37,737 shares, a decrease of 84.2% from the May 14th total of 239,195 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 488,722 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued 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 and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Hexagon Stock Performance

Shares of HXGBY traded down $0.00 during mid-day trading on Friday, reaching $10.02. 6,958 shares of the company’s stock traded hands, compared to its average volume of 451,873. 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 business’s 50-day moving average price is $10.61 and its 200-day moving average price is $10.96. The stock has a market capitalization of $26.89 billion, a P/E ratio of 11.51 and a beta of 1.40. Hexagon has a 12 month low of $9.19 and a 12 month high of $12.85.

Hexagon (OTCMKTS:HXGBY) last posted its earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.50 billion. Equities analysts predict that Hexagon will post 0.39 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.