Hexagon AB (publ) (OTCMKTS:HXGBY) Short Interest Up 1,230.0% in March

Hexagon AB (publ) (OTCMKTS:HXGBY) was the target of a large growth in short interest in 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 short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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 stock traded down $0.36 during trading hours on Thursday, reaching $11.00. The company had a trading volume of 107,353 shares, compared to its average volume of 254,948. The stock’s fifty day simple moving average is $11.34 and its 200 day simple moving average is $10.17. Hexagon AB has a twelve month low of $8.14 and a twelve month high of $12.14.

Hexagon AB (publ) (OTCMKTS:HXGBY) last released its quarterly 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.