Short Interest in Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Drops By 58.8%

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

Hexagon Price Performance

Shares of Hexagon stock opened at $9.61 on Tuesday. 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’s 50-day moving average price is $9.54 and its two-hundred day moving average price is $9.94. Hexagon has a 52 week low of $8.00 and a 52 week high of $12.85. The stock has a market cap of $25.80 billion, a PE ratio of 40.04 and a beta of 1.41.

Hexagon (OTCMKTS:HXGBY) last issued its earnings results on Wednesday, July 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Hexagon had a return on equity of 10.21% and a net margin of 11.66%.The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, sell-side analysts anticipate that Hexagon will post 0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Hexagon

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.