Hexagon AB (publ) (OTCMKTS:HXGBY) Sees Large Drop in Short Interest

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

Wall Street Analysts Forecast Growth

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

Hexagon AB (publ) Price Performance

Hexagon AB (publ) stock traded down $0.16 during midday trading on Wednesday, reaching $8.53. The stock had a trading volume of 394,247 shares, compared to its average volume of 95,977. The stock’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $10.40. Hexagon AB has a twelve month low of $8.50 and a twelve month high of $12.35.

Hexagon AB (publ) (OTCMKTS:HXGBY) last announced its 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 firm had revenue of $1.43 billion during the quarter.

Hexagon AB (publ) Company Profile

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.