Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Decreases By 62.3%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 8,620 shares, a decline of 62.3% from the December 31st total of 22,881 shares. Based on an average trading volume of 92,014 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 92,014 shares, the short-interest ratio is currently 0.1 days.

New Horizon Aircraft Trading Down 1.9%

Shares of HOVRW traded down $0.01 during mid-day trading on Friday, reaching $0.36. The company had a trading volume of 253,505 shares, compared to its average volume of 95,445. The company’s 50-day moving average is $0.42 and its 200-day moving average is $0.37. New Horizon Aircraft has a twelve month low of $0.03 and a twelve month high of $0.86.

New Horizon Aircraft Company Profile

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.