Emerging Markets Horizon Corp. (NASDAQ:HORI – Get Rating) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 10,100 shares, an increase of 2,425.0% from the August 15th total of 400 shares. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are sold short.

Emerging Markets Horizon Trading Up 0.2 %

Shares of HORI stock opened at $10.00 on Thursday. The company's fifty day simple moving average is $9.97 and its two-hundred day simple moving average is $9.92. Emerging Markets Horizon has a 52 week low of $9.75 and a 52 week high of $10.04.

Institutional Investors Weigh In On Emerging Markets Horizon

Hedge funds have recently made changes to their positions in the company. Saba Capital Management L.P. bought a new stake in Emerging Markets Horizon in the 1st quarter worth approximately $17,399,000. Karpus Management Inc. purchased a new stake in Emerging Markets Horizon during the first quarter valued at $17,161,000. Millennium Management LLC raised its stake in Emerging Markets Horizon by 212.0% during the second quarter. Millennium Management LLC now owns 780,000 shares of the company's stock valued at $7,730,000 after purchasing an additional 530,000 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Emerging Markets Horizon during the first quarter valued at $3,451,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Emerging Markets Horizon in the 1st quarter worth $3,451,000.

Emerging Markets Horizon Company Profile

Emerging Markets Horizon Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on identifying technology and consumer-exposed businesses in Central and Eastern Europe, Russia, or the Commonwealth of Independent States.

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