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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 37,737 shares, a drop of 84.2% from the May 14th total of 239,195 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 488,722 shares, the days-to-cover ratio is currently 0.1 days.

Hexagon Stock Performance

Shares of OTCMKTS:HXGBY traded down $0.10 during trading on Thursday, hitting $10.02. 759,380 shares of the stock traded hands, compared to its average volume of 215,731. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. Hexagon has a 52-week low of $9.19 and a 52-week high of $12.85. The company has a fifty day moving average price of $10.61 and a two-hundred day moving average price of $10.96. The company has a market cap of $26.90 billion, a price-to-earnings ratio of 11.52 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.50 billion. As a group, equities analysts predict that Hexagon will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company 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.