Short Interest in Horizon Technology Finance Corporation (NASDAQ:HRZN) Expands By 35.1%

Horizon Technology Finance Corporation (NASDAQ:HRZN) saw a large increase in short interest during the month of 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 trading volume, of 992,924 shares, the days-to-cover ratio is currently 5.0 days. Currently, 10.8% of the shares of the company are sold short. Currently, 10.8% of the shares of the company are sold short. Based on an average daily trading volume, of 992,924 shares, the days-to-cover ratio is currently 5.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HRZN. Green Alpha Advisors LLC grew its stake in shares of Horizon Technology Finance by 11.8% in the fourth quarter. Green Alpha Advisors LLC now owns 558,944 shares of the investment management company’s stock worth $3,605,000 after purchasing an additional 58,915 shares in the last quarter. Eagle Point Credit Management LLC bought a new position in Horizon Technology Finance in the 4th quarter valued at about $2,385,000. Millennium Management LLC bought a new position in Horizon Technology Finance in the 3rd quarter valued at about $1,099,000. Virtus Investment Advisers LLC increased its stake in Horizon Technology Finance by 25.6% during the 2nd quarter. Virtus Investment Advisers LLC now owns 177,768 shares of the investment management company’s stock valued at $1,280,000 after buying an additional 36,226 shares during the period. Finally, UBS Group AG raised its position in shares of Horizon Technology Finance by 40.3% during the 3rd quarter. UBS Group AG now owns 106,964 shares of the investment management company’s stock worth $652,000 after buying an additional 30,716 shares in the last quarter. Institutional investors and hedge funds own 4.94% of the company’s stock.

Wall Street Analyst Weigh In

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

Horizon Technology Finance Stock Performance

Shares of NASDAQ:HRZN traded up $0.10 during trading hours on Monday, hitting $6.06. The stock had a trading volume of 1,044,275 shares, compared to its average volume of 897,229. The stock’s fifty day simple moving average is $6.53 and its 200 day simple moving average is $6.53. Horizon Technology Finance has a 1-year low of $5.70 and a 1-year high of $9.99. The firm has a market capitalization of $280.70 million, a price-to-earnings ratio of -9.04 and a beta of 0.97.

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.