Horizon Technology Finance Corporation (NASDAQ:HRZN) Short Interest Up 35.1% in February

Horizon Technology Finance Corporation (NASDAQ:HRZN) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 4,940,433 shares, an increase of 35.1% from the January 29th total of 3,657,268 shares. Based on an average daily volume of 992,924 shares, the short-interest ratio is presently 5.0 days. Currently, 10.8% of the shares of the stock are sold short. Currently, 10.8% of the shares of the stock are sold short. Based on an average daily volume of 992,924 shares, the short-interest ratio is presently 5.0 days.

Institutional Investors Weigh In On Horizon Technology Finance

A number of institutional investors and hedge funds have recently modified their holdings of HRZN. N.E.W. Advisory Services LLC increased its holdings in shares of Horizon Technology Finance by 100.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 2,000 shares during the period. Tower Research Capital LLC TRC purchased a new position in Horizon Technology Finance during the second quarter valued at approximately $60,000. Allworth Financial LP acquired a new position in Horizon Technology Finance in the 2nd quarter valued at approximately $73,000. Nations Financial Group Inc. IA ADV purchased a new stake in Horizon Technology Finance in the 4th quarter worth approximately $67,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Horizon Technology Finance in the 2nd quarter worth approximately $77,000. 4.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HRZN. Weiss Ratings reiterated a “sell (d)” rating on shares of Horizon Technology Finance in a research report on Thursday, January 22nd. UBS Group raised their target price on Horizon Technology Finance from $6.25 to $6.50 and gave the company a “neutral” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $7.00.

Horizon Technology Finance Stock Up 1.7%

NASDAQ:HRZN traded up $0.10 during trading hours on Monday, reaching $6.06. 1,044,275 shares of the company’s stock were exchanged, compared to its average volume of 897,229. The company has a market capitalization of $280.70 million, a P/E ratio of -9.04 and a beta of 0.97. Horizon Technology Finance has a 12 month low of $5.70 and a 12 month high of $9.99. The business’s 50-day simple moving average is $6.53 and its two-hundred day simple moving average is $6.53.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.