Short Interest in Heritage Global Inc. (NASDAQ:HGBL) Expands By 17.4%

Heritage Global Inc. (NASDAQ:HGBL) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 28,400 shares, an increase of 17.4% from the December 15th total of 24,200 shares. Based on an average trading volume of 68,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Heritage Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Heritage Global in the 3rd quarter worth about $25,000. Janus Henderson Group PLC boosted its holdings 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 purchasing an additional 10,068 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 7,842 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Heritage Global by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock valued at $1,107,000 after purchasing an additional 47,375 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in shares of Heritage Global during the 3rd quarter valued at $1,801,000. 33.46% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Global Trading Down 1.9 %

Shares of NASDAQ:HGBL traded down $0.04 during trading on Friday, reaching $2.03. The company had a trading volume of 31,251 shares, compared to its average volume of 87,607. The company has a fifty day moving average of $1.77 and a two-hundred day moving average of $1.87. The stock has a market capitalization of $75.80 million, a P/E ratio of 7.25 and a beta of 1.16. Heritage Global has a 12 month low of $1.52 and a 12 month high of $3.09.

About Heritage Global

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.