Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Shares Shorted: Short Interest Up 97.2% in October

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 102,580 shares, a growth of 97.2% from the September 30th total of 52,031 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 382,996 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

HXGBY has been the subject of several analyst reports. Citigroup reissued a “neutral” rating on shares of Hexagon in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hexagon currently has an average rating of “Hold”.

Hexagon Stock Performance

OTCMKTS HXGBY opened at $11.13 on Tuesday. The stock has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $10.16. 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 stock has a market cap of $29.88 billion, a PE ratio of 27.60 and a beta of 1.40. Hexagon has a twelve month low of $8.00 and a twelve month high of $12.52.

Hexagon (OTCMKTS:HXGBY) last issued its quarterly earnings data on Friday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Hexagon had a net margin of 22.96% and a return on equity of 9.95%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Equities analysts anticipate that Hexagon will post 0.34 earnings per share for the current year.

Hexagon Company Profile

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.