Short Interest in Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Rises By 305.1%

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 152,872 shares, a growth of 305.1% from the May 31st total of 37,737 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 453,669 shares, the days-to-cover ratio is currently 0.3 days.

Hexagon Stock Up 0.7%

Shares of Hexagon stock traded up $0.06 on Friday, reaching $8.25. 529,070 shares of the company were exchanged, compared to its average volume of 1,130,096. The stock’s 50 day moving average price is $10.28 and its 200-day moving average price is $10.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.44 and a quick ratio of 3.26. Hexagon has a 1-year low of $8.03 and a 1-year high of $12.85. The company has a market cap of $22.15 billion, a P/E ratio of 9.48 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last issued its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, equities analysts forecast that Hexagon will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

HXGBY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. Barclays cut shares of 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, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.