Horizon Global Co. (NYSE:HZN – Get Rating) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 91,900 shares, an increase of 59.3% from the December 31st total of 57,700 shares. Based on an average trading volume of 256,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Horizon Global in a report on Tuesday, January 24th. They issued a "hold" rating on the stock.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in HZN. Deltec Asset Management LLC grew its position in Horizon Global by 71.5% in the third quarter. Deltec Asset Management LLC now owns 37,611 shares of the company's stock worth $46,000 after acquiring an additional 15,685 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Horizon Global during the first quarter valued at approximately $65,000. Renaissance Technologies LLC boosted its position in shares of Horizon Global by 12.0% during the second quarter. Renaissance Technologies LLC now owns 226,102 shares of the company's stock valued at $369,000 after buying an additional 24,300 shares during the period. Vanguard Group Inc. boosted its position in shares of Horizon Global by 4.7% during the third quarter. Vanguard Group Inc. now owns 1,083,782 shares of the company's stock valued at $1,333,000 after buying an additional 48,250 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Horizon Global by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 490,218 shares of the company's stock valued at $2,799,000 after buying an additional 11,231 shares during the period. Hedge funds and other institutional investors own 60.48% of the company's stock.
Horizon Global Trading Up 0.6 %
HZN traded up $0.01 on Friday, hitting $1.74. The company had a trading volume of 273,608 shares, compared to its average volume of 750,214. Horizon Global has a 12-month low of $0.30 and a 12-month high of $7.84. The business's fifty day simple moving average is $1.01 and its 200 day simple moving average is $1.17.
Horizon Global (NYSE:HZN – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.92) EPS for the quarter. The company had revenue of $148.97 million during the quarter.
About Horizon Global
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Horizon Global Corp. engages in the design, manufacture and distribution of custom-engineered towing, trailering, cargo management and other related accessory products. It operates through the following segments: Horizon Americas and Horizon Europe-Africa. The Horizon Americas segment sells towing and trailering-related products through retail, aftermarket, original equipment manufacturers, e-commerce, and industrial channels in North and South America.
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