Heritage Global Inc. (NASDAQ:HGBL) Short Interest Up 764.3% in December

Heritage Global Inc. (NASDAQ:HGBL) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 24,200 shares, an increase of 764.3% from the November 30th total of 2,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 59,400 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Heritage Global in the 3rd quarter valued at about $25,000. Janus Henderson Group PLC lifted its position in shares of Heritage Global by 53.2% in the third quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock valued at $49,000 after buying an additional 10,068 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Heritage Global by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after acquiring an additional 7,842 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Heritage Global by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after acquiring an additional 47,375 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in Heritage Global in the 3rd quarter valued at $1,801,000. Institutional investors and hedge funds own 33.46% of the company’s stock.

Heritage Global Price Performance

Shares of NASDAQ HGBL opened at $1.70 on Friday. The business has a 50-day moving average of $1.69 and a 200-day moving average of $1.92. The stock has a market capitalization of $63.48 million, a price-to-earnings ratio of 6.07 and a beta of 1.19. Heritage Global has a fifty-two week low of $1.52 and a fifty-two week high of $3.09.

Heritage Global Company Profile

Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.