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

Hexagon AB (publ) (OTCMKTS:HXGBY) was the recipient of a large decline in short interest in 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 short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Hexagon AB (publ) Price Performance

Shares of HXGBY traded up $0.06 during trading hours on Friday, hitting $11.33. The company had a trading volume of 96,532 shares, compared to its average volume of 240,806. The firm has a fifty day moving average price of $10.67 and a 200-day moving average price of $9.98. 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 quarterly earnings results on Friday, January 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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.