Heritage Global Inc. (NASDAQ:HGBL) Short Interest Down 36.4% in October

Heritage Global Inc. (NASDAQ:HGBL) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 10,500 shares, a decline of 36.4% from the October 15th total of 16,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 86,500 shares, the short-interest ratio is presently 0.1 days.

Heritage Global Trading Up 1.3 %

HGBL traded up $0.02 on Thursday, reaching $1.62. The stock had a trading volume of 9,795 shares, compared to its average volume of 75,242. The firm has a 50-day moving average of $1.66 and a 200-day moving average of $2.06. Heritage Global has a fifty-two week low of $1.52 and a fifty-two week high of $3.09. The company has a market capitalization of $60.49 million, a price-to-earnings ratio of 5.71 and a beta of 1.19.

Institutional Investors Weigh In On Heritage Global

Several hedge funds have recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. acquired a new position in shares of Heritage Global in the third quarter worth approximately $1,801,000. Janus Henderson Group PLC bought a new stake in shares of Heritage Global in the 1st quarter valued at $54,000. Dimensional Fund Advisors LP increased its position in shares of Heritage Global by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after buying an additional 47,375 shares during the period. Ancora Advisors LLC lifted its holdings in Heritage Global by 34.6% in the first quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock valued at $1,247,000 after buying an additional 121,483 shares during the period. Finally, Connective Capital Management LLC bought a new stake in Heritage Global during the first quarter valued at $538,000. 33.46% of the stock is currently owned by institutional investors and hedge funds.

Heritage Global Company Profile

Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.