Hexagon AB (publ) (OTCMKTS:HXGBY) Sees Significant Increase in Short Interest

Hexagon AB (publ) (OTCMKTS:HXGBY) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 211,500 shares, an increase of 947.0% from the November 30th total of 20,200 shares. Based on an average daily trading volume, of 1,290,100 shares, the short-interest ratio is currently 0.2 days.

Hexagon AB (publ) Stock Performance

Shares of HXGBY stock traded up $0.06 during mid-day trading on Thursday, hitting $9.66. 120,605 shares of the stock were exchanged, compared to its average volume of 128,799. The stock’s fifty day simple moving average is $9.24 and its two-hundred day simple moving average is $9.98. Hexagon AB has a 12-month low of $8.14 and a 12-month high of $12.35.

Hexagon AB (publ) (OTCMKTS:HXGBY) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $1.43 billion for the quarter.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded Hexagon AB (publ) from a “strong sell” rating to a “hold” rating in a research note 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.