Horizon Group (OTCMKTS:HGPI) Sees Large Growth in Short Interest

Horizon Group (OTCMKTS:HGPI) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 722 shares, an increase of 3,510.0% from the August 15th total of 20 shares. Based on an average daily volume of 1,691 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Horizon Group Stock Performance

OTCMKTS:HGPI remained flat at $2.50 during trading hours on Thursday. The firm’s 50 day simple moving average is $2.17 and its two-hundred day simple moving average is $2.18. Horizon Group has a twelve month low of $1.00 and a twelve month high of $2.91.

Institutional Investors Weigh In On Horizon Group

A hedge fund recently bought a new stake in Horizon Group stock. Ameritas Advisory Services LLC bought a new position in shares of Horizon Group (OTCMKTS:HGPI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 247,649 shares of the company’s stock, valued at approximately $8,205,000. Ameritas Advisory Services LLC owned 2.57% of Horizon Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Horizon Group Company Profile

Based in Chicago, Illinois, Horizon Group Properties, Inc has 12 operating factory outlet centers and one power center in 10 states totaling more than 2.6 million square feet.