Short Interest in Hexagon AB (publ) (OTCMKTS:HXGBY) Grows By 180.6%

Hexagon AB (publ) (OTCMKTS:HXGBY) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 20,200 shares, a growth of 180.6% from the November 15th total of 7,200 shares. Based on an average daily volume of 428,400 shares, the short-interest ratio is presently 0.0 days.

Hexagon AB (publ) Price Performance

Shares of OTCMKTS HXGBY traded down $0.05 on Friday, reaching $9.86. 2,707,310 shares of the company’s stock traded hands, compared to its average volume of 125,269. The business’s 50 day simple moving average is $9.33 and its two-hundred day simple moving average is $10.08. Hexagon AB has a 12 month low of $8.14 and a 12 month high of $12.35.

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

Analyst Upgrades and Downgrades

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