Does One Horizon Group Inc (OHGI) Have Any Gas After Forming This Bearish Double Bottom Pattern?

September 17, 2017 - By Migdalia James

Investors sentiment decreased to 1 in 2016 Q4. Its down 3.00, from 4 in 2016Q3. It fall, as 1 investors sold One Horizon Group Inc shares while 2 reduced holdings. 2 funds opened positions while 1 raised stakes. 267,480 shares or 25.58% less from 359,402 shares in 2016Q3 were reported.
Moreover, Goldman Sachs Gru Inc has 0% invested in One Horizon Group Inc (NASDAQ:OHGI) for 12,067 shares. Moreover, Kcg has 0% invested in One Horizon Group Inc (NASDAQ:OHGI). Vanguard Group stated it has 91,918 shares. Citadel Limited Company invested in 64,303 shares. Blackrock Fund Advsrs has 0% invested in One Horizon Group Inc (NASDAQ:OHGI). Hightower Limited Company has 66,400 shares for 0% of their portfolio.

The chart of One Horizon Group Inc (OHGI) shows a double bottom with $0.82 target or 7.00 % below today’s $0.88 share price. The 5 months chart pattern indicates high risk for the $5.96 million company. It was reported on Sep, 17 by Finviz.com. If the $0.82 price target is reached, the company will be worth $417,200 less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.19% or $0.002 on September 15, reaching $0.882. About 49,931 shares traded. One Horizon Group Inc (NASDAQ:OHGI) has declined 75.05% since September 17, 2016 and is downtrending. It has underperformed by 91.75% the S&P500.

More notable recent One Horizon Group Inc (NASDAQ:OHGI) news were published by: Streetinsider.com which released: “One Horizon Group (OHGI) Announces Compliance with NASDAQ Listing Requirements” on May 12, 2017, also Globenewswire.com with their article: “One Horizon Group Announces Implementation of $500000 Secure Messaging …” published on August 29, 2017, Streetinsider.com published: “Form 3 One Horizon Group, Inc. For: Sep 08 Filed by: WHITE MARK BRIAN” on September 14, 2017. More interesting news about One Horizon Group Inc (NASDAQ:OHGI) were released by: Marketwired.com and their article: “Microsoft Corp. Showcases One Horizon Group’s Global Growth Strategy that …” published on March 23, 2017 as well as Seekingalpha.com‘s news article titled: “Founder rejoins One Horizon Group as CEO” with publication date: September 08, 2017.

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