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

Hexagon AB (publ) (OTCMKTS:HXGBY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 54,900 shares, a growth of 90.6% from the March 31st total of 28,800 shares. Based on an average trading volume of 197,700 shares, the days-to-cover ratio is currently 0.3 days.

Hexagon AB (publ) Trading Down 2.4 %

OTCMKTS:HXGBY traded down $0.27 during trading hours on Friday, reaching $10.85. The company had a trading volume of 64,916 shares, compared to its average volume of 75,784. Hexagon AB has a 1-year low of $7.82 and a 1-year high of $12.54. The business’s 50 day moving average price is $11.63 and its 200-day moving average price is $10.79.

Hexagon AB (publ) (OTCMKTS:HXGBY) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.55 billion for the quarter.

Hexagon AB (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 2nd will be given a dividend of $0.1381 per share. This is a boost from Hexagon AB (publ)’s previous dividend of $0.09. The ex-dividend date of this dividend is Wednesday, May 1st. Hexagon AB (publ)’s payout ratio is presently 7.61%.

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.