Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Short Interest Update

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 48,042 shares, a drop of 58.8% from the August 15th total of 116,716 shares. Based on an average daily volume of 515,591 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hexagon Stock Down 1.0%

HXGBY stock traded down $0.10 during trading on Monday, reaching $9.54. The stock had a trading volume of 21,461 shares, compared to its average volume of 575,226. Hexagon has a 1-year low of $8.00 and a 1-year high of $12.85. The company has a current ratio of 1.53, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $25.62 billion, a P/E ratio of 39.77 and a beta of 1.41. The firm has a fifty day moving average price of $9.51 and a 200 day moving average price of $9.95.

Hexagon (OTCMKTS:HXGBY) last announced its earnings results on Wednesday, July 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Hexagon had a return on equity of 10.21% and a net margin of 11.66%.The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. On average, equities analysts anticipate that Hexagon will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

HXGBY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research note on Tuesday, September 1st. Citigroup reiterated a “neutral” rating on shares of Hexagon in a report on Thursday, July 30th. Finally, Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Hexagon Company Profile

Hexagon AB is a Sweden-based technology company that develops measurement, positioning, visualization and industrial software solutions. Its products help organizations collect, analyze and use precise data to improve productivity, quality, safety and sustainability across physical and digital environments.

The company serves industries including manufacturing, construction, infrastructure, mining, agriculture, aerospace and defense, transportation, and public safety. Its offerings include metrology and manufacturing software, surveying and geospatial technologies, positioning systems, autonomous solutions, digital twins, and software for planning, design and asset management.