Heritage Global Inc. (NASDAQ:HGBL) Short Interest Down 36.4% in October

Heritage Global Inc. (NASDAQ:HGBL) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 10,500 shares, a decrease of 36.4% from the October 15th total of 16,500 shares. Based on an average daily trading volume, of 86,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Heritage Global

A number of large investors have recently modified their holdings of the business. Koshinski Asset Management Inc. bought a new stake in shares of Heritage Global during the 3rd quarter worth $1,801,000. Dimensional Fund Advisors LP raised its stake in Heritage Global by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 449,864 shares of the company’s stock worth $1,107,000 after acquiring an additional 47,375 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of Heritage Global by 34.6% in the first quarter. Ancora Advisors LLC now owns 472,388 shares of the company’s stock worth $1,247,000 after acquiring an additional 121,483 shares during the last quarter. Connective Capital Management LLC acquired a new stake in shares of Heritage Global in the 1st quarter valued at approximately $538,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Heritage Global during the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds own 33.46% of the company’s stock.

Heritage Global Stock Performance

Shares of NASDAQ HGBL traded up $0.02 during trading hours on Thursday, hitting $1.62. 9,795 shares of the stock were exchanged, compared to its average volume of 75,242. The company’s fifty day simple moving average is $1.66 and its two-hundred day simple moving average is $2.06. The company has a market cap of $60.49 million, a PE ratio of 5.71 and a beta of 1.19. Heritage Global has a 1-year low of $1.52 and a 1-year 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.