Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Short Interest Down 58.8% in August

Key Points

• Short interest fell 58.8% in August to 48,042 shares, representing approximately 0.0% of Hexagon’s shares and just 0.1 days of average trading volume.
• Analysts remain cautious: Hexagon has an overall “Hold” rating, with one Buy, three Holds, and one Sell; Barclays downgraded the stock to Underweight.
• Hexagon recently exceeded quarterly expectations, reporting $0.09 EPS versus $0.08 expected and revenue of $1.20 billion versus the $1.14 billion consensus estimate.

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY - Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 48,042 shares, a decrease of 58.8% from the August 15th total of 116,716 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 515,591 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

HXGBY has been the topic of several recent analyst reports. Citigroup reissued a "neutral" rating on shares of Hexagon in a research note on Thursday, July 30th. Barclays lowered shares of Hexagon from a "hold" rating to an "underweight" rating in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Hexagon in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Hexagon Trading Up 0.5%

Shares of HXGBY stock opened at $9.64 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 40.17 and a beta of 1.41. Hexagon has a 12-month low of $8.00 and a 12-month high of $12.85. The stock's 50-day moving average price is $9.51 and its 200-day moving average price is $9.96.

Hexagon (OTCMKTS:HXGBY - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Hexagon had a return on equity of 10.21% and a net margin of 11.66%.The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.14 billion. Equities research analysts predict that Hexagon will post 0.37 EPS for the current fiscal year.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops measurement, positioning, visualization and industrial software solutions. Its products help organizations collect, analyze and use precise data to improve productivity, quality, safety and sustainability across physical and digital environments.

The company serves industries including manufacturing, construction, infrastructure, mining, agriculture, aerospace and defense, transportation, and public safety. Its offerings include metrology and manufacturing software, surveying and geospatial technologies, positioning systems, autonomous solutions, digital twins, and software for planning, design and asset management.

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