Heritage Global Inc. (NASDAQ:HGBL) Short Interest Update

Heritage Global Inc. (NASDAQ:HGBL) saw a significant 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 shares of the stock are sold short. Based on an average trading volume of 59,400 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Heritage Global

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

Heritage Global Stock Performance

HGBL stock remained flat at $1.70 during trading on Thursday. 103,569 shares of the company traded hands, compared to its average volume of 74,363. The company has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $1.92. Heritage Global has a 1 year low of $1.52 and a 1 year high of $3.09. The company has a market cap of $63.48 million, a PE ratio of 6.07 and a beta of 1.19.

About Heritage Global

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.