Short Interest in Horizon Technology Finance Co. (NASDAQ:HRZN) Expands By 22.2%

Horizon Technology Finance Co. (NASDAQ:HRZN) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 386,800 shares, an increase of 22.2% from the January 31st total of 316,600 shares. Based on an average daily volume of 399,600 shares, the short-interest ratio is currently 1.0 days. Currently, 1.0% of the shares of the stock are sold short.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN opened at $8.65 on Thursday. The company has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $9.83. The company has a market capitalization of $344.93 million, a P/E ratio of -72.08 and a beta of 1.22. Horizon Technology Finance has a 1 year low of $8.46 and a 1 year high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The firm had revenue of $23.55 million for the quarter, compared to analyst estimates of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. As a group, research analysts expect that Horizon Technology Finance will post 1.38 EPS for the current year.

Insider Buying and Selling

In other Horizon Technology Finance news, Director Michael Balkin acquired 20,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $170,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.34% of the company’s stock.

Institutional Trading of Horizon Technology Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in HRZN. Farther Finance Advisors LLC acquired a new stake in shares of Horizon Technology Finance during the 3rd quarter worth approximately $25,000. Private Trust Co. NA purchased a new position in shares of Horizon Technology Finance during the 3rd quarter worth approximately $38,000. Quantbot Technologies LP purchased a new position in shares of Horizon Technology Finance during the 3rd quarter worth approximately $99,000. Crew Capital Management Ltd. purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth approximately $99,000. Finally, Mutual Advisors LLC purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth approximately $106,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HRZN shares. StockNews.com downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.19.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.