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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the target of a significant drop in short interest during the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 488,722 shares, the short-interest ratio is presently 0.1 days.

Hexagon Stock Performance

Hexagon stock 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 company has a market capitalization of $27.25 billion, a PE ratio of 11.67 and a beta of 1.40. The company has a 50 day moving average price of $10.58 and a 200-day moving average price of $10.98. Hexagon has a fifty-two week low of $9.19 and a fifty-two week high of $12.85.

Hexagon (OTCMKTS:HXGBY) last announced its quarterly earnings results 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). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%. As a group, equities analysts forecast that Hexagon will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

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