Short Interest in Heritage Global Inc. (NASDAQ:HGBL) Rises By 365.0%

Posted by ABMN Staff on Mar 2nd, 2025

Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 73,000 shares, an increase of 365.0% from the January 31st total of 15,700 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 66,600 shares, the days-to-cover ratio is presently 1.1 days.

Heritage Global Stock Performance

NASDAQ:HGBL opened at $2.09 on Friday. Heritage Global has a one year low of $1.52 and a one year high of $3.09. The firm has a market cap of $78.04 million, a P/E ratio of 7.46 and a beta of 1.17. The firm has a 50-day simple moving average of $2.04 and a 200-day simple moving average of $1.82.

Institutional Investors Weigh In On Heritage Global

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock worth $570,000 after buying an additional 7,842 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Heritage Global by 2.8% in the 4th quarter. Renaissance Technologies LLC now owns 339,817 shares of the company’s stock worth $629,000 after buying an additional 9,222 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Heritage Global by 53.2% in the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock worth $49,000 after buying an additional 10,068 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Heritage Global in the 4th quarter worth approximately $28,000. Finally, Jane Street Group LLC purchased a new position in shares of Heritage Global in the 3rd quarter worth approximately $25,000. Institutional investors own 33.46% of the company’s stock.

Heritage Global Company Profile

(Get Free Report)

Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.