One Horizon Group, Inc. (NASDAQ:OHGI) Sees Significantly Lower Trading Volume

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Trading was light with 111K shares changing hands on Monday. Volume was down 79.85% under the stocks average daily volume.

Investors are feeling more bullish on One Horizon Group, Inc. of late if you pay attention to the decrease in short interest. The stock had a fall in short interest of -15.19% as of the latest report on October 13, 2017. Short shares decreased from 163,441 to 138,619 over that timeframe. With short interest at 138,619 and short average daily volume at 720,256, days to cover is 0.0 and the percentage of shorted shares was 22.05% on October 13.

These firms have modified their investment in OHGI. Ubs Group Ag divested its investment by shedding 4,253 shares a decrease of 27.1% from 12/31/2016 to 03/31/2017. Ubs Group Ag controls 11,465 shares valued at $3,000. The value of the position overall is down by 40.0%. As of the end of the quarter Citadel Advisors LLC had acquired a total of 6,240 shares growing its holdings by 9.7%. The value in dollars increased from $19,000 to $20,000 increasing 5.3% since the last quarter.

As of quarter end Goldman Sachs Group Inc had sold 526 shares trimming its position 4.4%. The value of the investment in OHGI went from $4,000 to $3,000 a change of $1,000 quarter over quarter. As of quarter end Morgan Stanley had bought a total of 148 shares growing its stake by 284.6%. The value of the company’s investment in One Horizon Group, Inc. decreased from $0 to $0 a change of nan% for the reporting period.

The company is up from yesterday’s close of $1.16. It is currently trading at $1.16 which is well above the 50 day moving average which is $0.93 and which is quite a bit higher than the 200 day moving average of $0.92. The 50 day moving average went up $0.23 or +24.9215% whereas the 200 day moving average was up $0.24 or +26.0599%.

One Horizon Group, Inc., launched on July 23, 2013, is involved in the development and licensing of software for mobile voice over Internet protocol (VoIP). The Business’s operations include the licensing of software to telecommunications operators and the development of software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet. The Company has two business segments, one for business to business line and one for business to consumer line. The Company designs, develops and sells white label SmartPacket software and services to telecommunications operators. Its licensees deliver an operator-branded mobile Internet communication solution to smartphones, including VoIP, multi-media messaging, video, and mobile advertising, and the Business to Business (B2B) business..

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