One Horizon Group (OHGI): Price Target and June Short Interest Disclosure

One Horizon Group (OHGI) : Average target price received by One Horizon Group (OHGI) is $3.52 with an expected standard deviation of $2.14. The most aggressive target on the stock is $5, whereas the most downbeat target is $2. 2 financial analysts are currently covering the stock.

One Horizon Group (OHGI) has seen a shortfall of 12,495 shares or 6.6% in the short interest. The remaining shorts are 1% of the total floated shares. The net short interest, as on June 30,2016, stood at 177,197 shares and the stocks days to cover will be 9 by factoring in the average per day volume of 19,237 shares. On June 15,2016, 189,692 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


One Horizon Group (NASDAQ:OHGI): On Thursdays trading session , Opening price of the stock was $0.9 with an intraday high of $1.2724. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.77. However, the stock managed to close at $0.79, a loss of 12.22% for the day. On the previous day, the stock had closed at $0.9. The total traded volume of the day was 2,852,591 shares.

One Horizon Group Inc. develops and licenses software to telecommunications operators through its wholly owned subsidiaries Horizon Globex GmbH (Horizon Globex) and Abbey Technology GmbH (Abbey Technology). Horizon Globex and Abbey Technology develop software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet, collectively, the Horizon Platform. The Horizon Platform is a Voice over Internet Protocol (VoIP) platform for smartphones and tablets, and also provides data applications, including multi-media messaging and mobile advertising. It provides SmartPacket, a software technique, which transmits voice signals by radio over the Internet. It licenses its software solutions to telecommunications network operators and service providers in the mobile, fixed line, cable television and satellite communications markets. It operates in Switzerland, Ireland, the United Kingdom, China, India, Russia, Singapore and Hong Kong.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.