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

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 152,872 shares, an increase of 305.1% from the May 31st total of 37,737 shares. Based on an average daily trading volume, of 453,669 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Hexagon Trading Up 0.7%

OTCMKTS HXGBY traded up $0.06 on Friday, reaching $8.25. The stock had a trading volume of 529,070 shares, compared to its average volume of 1,130,096. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $10.72. Hexagon has a 12-month low of $8.03 and a 12-month high of $12.85. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 9.48 and a beta of 1.40.

Hexagon (OTCMKTS:HXGBY) last released 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). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Hexagon had a return on equity of 9.74% and a net margin of 40.44%. As a group, sell-side analysts forecast that Hexagon will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HXGBY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a report on Monday, April 13th. Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently 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.