Recent insider trends for One Horizon Group, Inc. (NASDAQ:OHGI) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of OHGI, the data has a lot to say about how the stock might perform going forward.
Institutions own 00.15% of One Horizon Group, Inc. (OHGI)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 1 holders increased their positions by a total of 10772 shares, 3 holders decreased the positions by a total of 16132 shares, and 4 holders held their positions. This works out to a net decrease in ownership of 5360 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 1 holders initiated new positions by a total of 10772 shares and 1 holders exited their positions by a total of 11982 shares. This nets out to a decrease of 1210 shares and is another bearish sign for OHGI.
In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 13 million shares, which suggests that OHGI’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 2 buys, and ownership increased by a net of 15 million shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. One Horizon Group, Inc. (NASDAQ:OHGI)’s short interest is 474200 shares, or 27.50% of the float. This represents an increase of 139% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that OHGI is a sell, which implies that OHGI is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that One Horizon Group, Inc. (NASDAQ:OHGI) is overvalued.