Short Interest in Hexagon AB (publ) (OTCMKTS:HXGBY) Decreases By 94.9%

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

Analysts Set New Price Targets

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

Hexagon AB (publ) Stock Up 0.5 %

Shares of OTCMKTS HXGBY traded up $0.06 during mid-day trading on Friday, hitting $11.33. The stock had a trading volume of 96,532 shares, compared to its average volume of 240,806. Hexagon AB has a 1 year low of $8.14 and a 1 year high of $12.35. The business has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $9.98.

Hexagon AB (publ) (OTCMKTS:HXGBY) last issued its earnings results on Friday, January 31st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01.

Hexagon AB (publ) Company Profile

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.