Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Short Interest Down 49.2% in June

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 77,590 shares, a drop of 49.2% from the June 15th total of 152,872 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,785,338 shares, the days-to-cover ratio is currently 0.0 days.

Hexagon Stock Performance

Shares of HXGBY stock traded down $0.10 on Thursday, reaching $8.25. The stock had a trading volume of 337,739 shares, compared to its average volume of 640,614. Hexagon has a 1 year low of $8.00 and a 1 year high of $12.85. The stock has a market cap of $22.15 billion, a P/E ratio of 9.48 and a beta of 1.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.26 and a current ratio of 3.44. The company has a 50 day simple moving average of $9.62 and a 200 day simple moving average of $10.41.

Hexagon (OTCMKTS:HXGBY) last posted its quarterly earnings data 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). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a return on equity of 9.74% and a net margin of 40.44%. Equities research analysts expect that Hexagon will post 0.37 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on HXGBY shares. Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.