Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Short Interest Up 305.1% in June

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 152,872 shares, an increase of 305.1% from the May 31st total of 37,737 shares. Based on an average daily trading volume, of 453,669 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Hexagon Stock Down 0.1%

Hexagon stock traded down $0.01 during mid-day trading on Monday, reaching $8.24. The stock had a trading volume of 37,451 shares, compared to its average volume of 586,498. The firm has a market capitalization of $22.12 billion, a PE ratio of 9.47 and a beta of 1.40. Hexagon has a fifty-two week low of $8.03 and a fifty-two week high of $12.85. The stock’s 50-day simple moving average is $10.28 and its 200-day simple moving average is $10.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44.

Hexagon (OTCMKTS:HXGBY) last issued its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, sell-side analysts forecast that Hexagon will post 0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HXGBY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. Barclays cut shares of Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hexagon currently has a consensus rating of “Hold”.

About Hexagon

Hexagon AB (publ) is a Sweden-based global provider of digital reality solutions, combining sensor, software and autonomous technologies. The company develops measurement instruments, software and data analytics platforms that enable customers to capture, process and visualize information about physical assets, infrastructure and environments. Hexagon’s offerings are designed to improve productivity and quality in sectors such as manufacturing, construction, surveying, agriculture, mining, public safety and utilities.

The company’s hardware portfolio includes positioning and dimensioning sensors, laser scanners, GNSS receivers and total stations used for surveying and geospatial data acquisition.