Hexagon AB (publ) (OTCMKTS:HXGBY) Sees Significant Growth in Short Interest

Hexagon AB (publ) (OTCMKTS:HXGBY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 724,100 shares, anincreaseof5,344.4% from the July 15th total of 13,300 shares. Based on an average daily trading volume, of 569,600 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 569,600 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of Hexagon AB (publ) in a research report on Friday, May 2nd.

Hexagon AB (publ) Stock Down 1.7%

OTCMKTS HXGBY opened at $11.17 on Friday. Hexagon AB has a 52 week low of $8.14 and a 52 week high of $12.14. The firm’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $10.50.

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.