Heritage Global Inc. (NASDAQ:HGBL) Short Interest Up 17.4% in December

Heritage Global Inc. (NASDAQ:HGBL) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 28,400 shares, a growth of 17.4% from the December 15th total of 24,200 shares. Based on an average daily trading volume, of 68,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Heritage Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Heritage Global in the 3rd quarter worth about $25,000. Janus Henderson Group PLC increased its holdings in shares of Heritage Global by 53.2% in the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock valued at $49,000 after purchasing an additional 10,068 shares during the period. Geode Capital Management LLC lifted its position in shares of Heritage Global by 2.4% in the third quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after purchasing an additional 7,842 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 47,375 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Heritage Global during the third quarter worth approximately $1,801,000. Institutional investors and hedge funds own 33.46% of the company’s stock.

Heritage Global Stock Performance

Shares of NASDAQ HGBL traded down $0.04 during trading on Friday, hitting $2.03. The company had a trading volume of 31,251 shares, compared to its average volume of 87,607. Heritage Global has a 52 week low of $1.52 and a 52 week high of $3.09. The business’s 50-day moving average is $1.77 and its 200 day moving average is $1.87. The company has a market cap of $75.80 million, a P/E ratio of 7.25 and a beta of 1.16.

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.