Horizon Group (OTCMKTS:HGPI) Short Interest Up 3,510.0% in August

Horizon Group (OTCMKTS:HGPI) was the target 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 trading volume of 1,691 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Horizon Group

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

Horizon Group Price Performance

Horizon Group stock remained flat at $2.50 during mid-day trading on Thursday. Horizon Group has a one year low of $1.00 and a one year high of $2.91. The stock’s fifty day moving average price is $2.17 and its 200 day moving average price is $2.18.

About Horizon Group

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.