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

Hexagon AB (publ) (OTCMKTS:HXGBY) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 59,100 shares, a growth of 133.6% from the January 15th total of 25,300 shares. Based on an average daily volume of 974,200 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Hexagon AB (publ) Stock Performance

HXGBY traded down $0.01 during trading on Thursday, reaching $11.69. The stock had a trading volume of 65,488 shares, compared to its average volume of 309,810. The stock has a 50 day moving average of $10.18 and a two-hundred day moving average of $9.81. Hexagon AB has a 1-year low of $8.14 and a 1-year high of $12.35.

Hexagon AB (publ) (OTCMKTS:HXGBY) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01.

About Hexagon AB (publ)

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.