Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Up 15.5% in November

Horizon Technology Finance Co. (NASDAQ:HRZN) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 984,600 shares, a growth of 15.5% from the October 31st total of 852,400 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 411,900 shares, the days-to-cover ratio is currently 2.4 days.

Horizon Technology Finance Stock Performance

Horizon Technology Finance stock traded up $0.05 during mid-day trading on Friday, reaching $9.34. The company’s stock had a trading volume of 231,337 shares, compared to its average volume of 479,224. The firm’s fifty day moving average price is $9.94 and its two-hundred day moving average price is $11.03. Horizon Technology Finance has a 12-month low of $9.07 and a 12-month high of $13.73. The company has a market capitalization of $355.48 million, a P/E ratio of -77.83 and a beta of 1.24.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The company had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.38 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, research analysts predict that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 14.13%. The ex-dividend date is Monday, December 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

Institutional Trading of Horizon Technology Finance

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in shares of Horizon Technology Finance in the third quarter worth $25,000. Private Trust Co. NA purchased a new position in Horizon Technology Finance during the third quarter worth about $38,000. International Assets Investment Management LLC bought a new position in Horizon Technology Finance in the 2nd quarter worth about $66,000. Quantbot Technologies LP purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at about $99,000. Finally, Adell Harriman & Carpenter Inc. bought a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at about $128,000. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.