Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Short Interest Update

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a large drop in short interest in the month of 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. Based on an average daily trading volume, of 3,785,338 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Hexagon Price Performance

HXGBY traded up $0.10 on Wednesday, reaching $8.34. The company had a trading volume of 1,048,177 shares, compared to its average volume of 638,048. The business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $10.44. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 9.59 and a beta of 1.44. Hexagon has a 52-week low of $8.00 and a 52-week high of $12.85. 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 released its earnings results on Thursday, April 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Hexagon had a net margin of 40.44% and a return on equity of 9.74%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, sell-side analysts anticipate that Hexagon will post 0.37 EPS for the current year.

Hexagon Company Profile

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.