New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Down 62.7% in January

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,216 shares, a drop of 62.7% from the January 15th total of 8,620 shares. Based on an average daily trading volume, of 94,456 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 94,456 shares, the short-interest ratio is presently 0.0 days.

New Horizon Aircraft Stock Performance

Shares of NASDAQ:HOVRW traded down $0.03 during trading on Friday, reaching $0.34. 815 shares of the company were exchanged, compared to its average volume of 68,837. The business’s fifty day simple moving average is $0.40 and its 200-day simple moving average is $0.37. New Horizon Aircraft has a 12-month low of $0.03 and a 12-month high of $0.86.

About New Horizon Aircraft

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.