Hexagon AB (publ) (OTCMKTS:HXGBY) Sees Large Decrease in Short Interest

Hexagon AB (publ) (OTCMKTS:HXGBY) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 84,300 shares, a decrease of 60.1% from the December 31st total of 211,500 shares. Based on an average daily trading volume, of 413,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded Hexagon AB (publ) from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st.

Hexagon AB (publ) Stock Down 0.6 %

Shares of Hexagon AB (publ) stock traded down $0.06 on Wednesday, hitting $10.82. The stock had a trading volume of 72,092 shares, compared to its average volume of 368,288. The stock’s 50-day simple moving average is $9.53 and its two-hundred day simple moving average is $9.75. Hexagon AB has a one year low of $8.14 and a one year high of $12.35.

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.