Hexagon AB (publ) (OTCMKTS:HXGBY) Short Interest Up 1,230.0% in March

Hexagon AB (publ) (OTCMKTS:HXGBY) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 26,600 shares, a growth of 1,230.0% from the February 28th total of 2,000 shares. Based on an average trading volume of 839,100 shares, the days-to-cover ratio is presently 0.0 days.

Hexagon AB (publ) Stock Down 3.2 %

Shares of HXGBY traded down $0.36 during trading hours on Thursday, reaching $11.00. 107,353 shares of the company traded hands, compared to its average volume of 254,948. The stock has a fifty day simple moving average of $11.34 and a 200 day simple moving average of $10.17. Hexagon AB has a fifty-two week low of $8.14 and a fifty-two week high of $12.14.

Hexagon AB (publ) (OTCMKTS:HXGBY) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Hexagon AB (publ) in a research note on Monday, February 3rd.

Hexagon AB (publ) Company Profile

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.