Heritage Global Inc. (NASDAQ:HGBL) Short Interest Up 17.4% in December

Heritage Global Inc. (NASDAQ:HGBL) was the target of a large increase in short interest during the month of 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 daily trading volume, of 68,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HGBL. Koshinski Asset Management Inc. acquired a new position in shares of Heritage Global during the third quarter valued at $1,801,000. Dimensional Fund Advisors LP lifted its position in 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 during the last quarter. Geode Capital Management LLC lifted its position in Heritage Global by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 335,402 shares of the company’s stock valued at $570,000 after purchasing an additional 7,842 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Heritage Global by 53.2% during the 3rd quarter. Janus Henderson Group PLC now owns 28,982 shares of the company’s stock valued at $49,000 after purchasing an additional 10,068 shares during the period. Finally, Jane Street Group LLC bought a new position in Heritage Global in the 3rd quarter worth about $25,000. 33.46% of the stock is currently owned by institutional investors.

Heritage Global Trading Down 1.9 %

HGBL traded down $0.04 on Friday, hitting $2.03. 31,251 shares of the company’s stock were exchanged, compared to its average volume of 87,607. The stock has a fifty day moving average of $1.77 and a two-hundred day moving average of $1.87. Heritage Global has a twelve month low of $1.52 and a twelve month high of $3.09. The firm has a market cap of $75.80 million, a PE ratio of 7.25 and a beta of 1.16.

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.