Short Interest in Hexagon AB (publ) (OTCMKTS:HXGBY) Declines By 93.0%

Hexagon AB (publ) (OTCMKTS:HXGBY) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,800 shares, a decline of 93.0% from the October 15th total of 140,000 shares. Based on an average daily volume of 216,400 shares, the short-interest ratio is presently 0.0 days.

Hexagon AB (publ) Stock Down 3.9 %

HXGBY stock traded down $0.35 on Tuesday, hitting $8.69. 220,295 shares of the company’s stock were exchanged, compared to its average volume of 94,615. The firm has a 50 day moving average price of $9.86 and a two-hundred day moving average price of $10.42. Hexagon AB has a 12-month low of $8.60 and a 12-month high of $12.35.

Hexagon AB (publ) (OTCMKTS:HXGBY) last announced its earnings results on Friday, October 25th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $1.43 billion for the quarter.

Wall Street Analyst Weigh In

Separately, BNP Paribas raised Hexagon AB (publ) from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st.

About Hexagon AB (publ)

Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. The company offers analysis and management, machine control, embedded electronics, monitoring, and planning and optimization solutions to agriculture division; 3D design and visualization, enterprise asset and asset lifecycle management, OT/ICS cyber security, engineering and schematics, enterprise project performance, operation and maintenance, procurement, fabrication, and construction services for asset lifecycle intelligence division; GNSS and SMART antennas, anti-jam systems, autonomy kits and services, correction services, GNSS/INS receivers and post processing, resilience and integrity technology, and visualization software for autonomy and positioning division; and 3D surveillance, AEC and survey software, geospatial content, machine control, digital realities platform, laser scanning and measurement tools, levels, total stations, airborne, monitoring, document and verification solutions, detection, GNSS, and mobile mapping system to geosystem division.