Hexagon AB (publ) (OTCMKTS:HXGBY) Short Interest Update

Hexagon AB (publ) (OTCMKTS:HXGBY) was the recipient of a large growth in short interest in the month of 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 daily volume of 839,100 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Hexagon AB (publ) Stock Down 3.2 %

Shares of Hexagon AB (publ) stock traded down $0.36 on Thursday, reaching $11.00. 107,353 shares of the company traded hands, compared to its average volume of 254,948. The company has a 50 day moving average of $11.34 and a 200 day moving average of $10.17. Hexagon AB has a 52 week low of $8.14 and a 52 week high of $12.14.

Hexagon AB (publ) (OTCMKTS:HXGBY) last released its earnings results on Friday, January 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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.