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

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HXGBY. Morgan Stanley reiterated an “underweight” rating on shares of Hexagon AB (publ) in a report on Monday, February 3rd. BNP Paribas raised shares of Hexagon AB (publ) from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 31st.

Hexagon AB (publ) Price Performance

OTCMKTS HXGBY traded down $0.28 on Thursday, hitting $11.27. 35,327 shares of the company traded hands, compared to its average volume of 244,603. The business’s 50 day moving average price is $10.60 and its 200-day moving average price is $9.96. Hexagon AB has a 52-week low of $8.14 and a 52-week high of $12.35.

Hexagon AB (publ) (OTCMKTS:HXGBY) last posted its earnings results on Friday, January 31st. The company reported $0.13 earnings per share 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.