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The Attractiveness of Investing In Horizon Technology Finance Corp (HRZN) is Growing

Horizon Technology Finance Corp’s recent filing unveils that its Director Goodman Jonathan Joseph acquired Company’s shares for reported $25004.0 on Aug 05 ’24. In the deal valued at $10.81 per share,2,313 shares were bought. As a result of this transaction, Goodman Jonathan Joseph now holds 2,313 shares worth roughly $23661.99.

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Then, Balkin Michael bought 10,000 shares, generating $105,800 in total proceeds. Upon buying the shares at $10.58, the Director now owns 10,000 shares.

Before that, Michaud Gerald A. bought 3,650 shares. Horizon Technology Finance Corp shares valued at $42,960 were divested by the President at a price of $11.77 per share. As a result of the transaction, Michaud Gerald A. now holds 156,244 shares, worth roughly $1.6 million.

Ladenburg Thalmann downgraded its Horizon Technology Finance Corp [HRZN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. Compass Point also remained covering HRZN and has decreased its forecast on October 17, 2023 with a “Sell” recommendation from previously “Neutral” rating. Compass Point revised its rating on September 27, 2023. It rated HRZN as “a Neutral” which previously was an “a Sell”.

Price Performance Review of HRZN

On Monday, Horizon Technology Finance Corp [NASDAQ:HRZN] saw its stock jump 0.39% to $10.23. Over the last five days, the stock has lost -2.39%. Horizon Technology Finance Corp shares have fallen nearly -21.99% since the year began. Nevertheless, the stocks have fallen -10.91% over the past one year. While a 52-week high of $13.67 was reached on 01/05/24, a 52-week low of $10.18 was recorded on 10/21/24. SMA at 50 days reached $10.84, while 200 days put it at $11.77.

Levels Of Support And Resistance For HRZN Stock

The 24-hour chart illustrates a support level at 10.10, which if violated will result in even more drops to 9.98. On the upside, there is a resistance level at 10.30. A further resistance level may holdings at 10.38. The Relative Strength Index (RSI) on the 14-day chart is 29.66, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.88%. Stochastics %K at 10.84% indicates the stock is a buying.

How much short interest is there in Horizon Technology Finance Corp?

A steep rise in short interest was recorded in Horizon Technology Finance Corp stocks on 2024-09-30, growing by 70034.0 shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.65 million shares. There was a rise of 9.77%, which implies that there is a positive sentiment for the stock.

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