Hexagon AB (publ) (OTCMKTS:HXGBY) Short Interest Down 94.9% in February

Hexagon AB (publ) (OTCMKTS:HXGBY) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 3,000 shares, a decline of 94.9% from the January 31st total of 59,100 shares. Based on an average daily trading volume, of 365,400 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HXGBY shares. Morgan Stanley restated an “underweight” rating on shares of Hexagon AB (publ) in a research note on Monday, February 3rd. BNP Paribas upgraded Hexagon AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 31st.

Hexagon AB (publ) Stock Performance

Shares of OTCMKTS:HXGBY traded up $0.06 during midday trading on Friday, reaching $11.33. 96,532 shares of the company traded hands, compared to its average volume of 240,491. Hexagon AB has a 12 month low of $8.14 and a 12 month high of $12.35. The firm’s fifty day moving average price is $10.64 and its two-hundred day moving average price is $9.97.

Hexagon AB (publ) (OTCMKTS:HXGBY) last released its quarterly earnings data on Friday, January 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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.