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 in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,691 shares, the short-interest ratio is presently 0.4 days.

Horizon Group Stock Performance

Shares of HGPI opened at $2.50 on Friday. The business’s fifty day moving average price is $2.18 and its 200 day moving average price is $2.18. Horizon Group has a 12-month low of $1.00 and a 12-month high of $2.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Horizon Group stock. Ameritas Advisory Services LLC acquired a new stake in shares of Horizon Group (OTCMKTS:HGPI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

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.