I had a Mariner depth sounder that would sit at 6 feet, whch drove me to distraction. A friend of mine that was a WW2 instrument technician looked at it and quickly determined that the needle was touching the the front of the case. The distortion was probably due to heat and it took a "set" or warp. He solved the problem by placing a thin aluminum spacer between the instrument and the case--- voila, problem solved. I don't know the Horizon instrument, but any instrument needle has to have clearance to move, so look at this aspect. If the transducer alone is faulty, the needle should still return to zero when shut off. Static electricty may also hold the needle, but should discharge when wet, this is a more intermittent type of problem. My Mariner is a good instrument, just suffered from a small clearance problem. I suspect a lot of instruments suffer from this ailment, so check for clearance between the needle and the face plate.