Short Interest in Horizon Space Acquisition II Corp. (NASDAQ:HSPT) Expands By 129.6%

Horizon Space Acquisition II Corp. (NASDAQ:HSPT) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,422 shares, an increase of 129.6% from the April 15th total of 1,926 shares. Based on an average daily volume of 13,829 shares, the short-interest ratio is presently 0.3 days.

Horizon Space Acquisition II Price Performance

Shares of HSPT stock traded down $0.38 during trading hours on Friday, hitting $8.60. The company’s stock had a trading volume of 1,523 shares, compared to its average volume of 22,983. The stock has a 50 day simple moving average of $7.91. Horizon Space Acquisition II has a 12-month low of $5.25 and a 12-month high of $14.31.

Horizon Space Acquisition II (NASDAQ:HSPT) last released its quarterly earnings data on Wednesday, April 8th. The company reported ($0.42) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Horizon Space Acquisition II in a research report on Monday, February 9th. They set a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Horizon Space Acquisition II currently has a consensus rating of “Sell”.

Institutional Trading of Horizon Space Acquisition II

Large investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Horizon Space Acquisition II in the 4th quarter valued at $52,000. Clear Street Group Inc. lifted its stake in shares of Horizon Space Acquisition II by 22.5% in the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after purchasing an additional 8,632 shares during the period. L1 Global Manager Pty Ltd acquired a new position in shares of Horizon Space Acquisition II in the 4th quarter valued at $1,582,000. Finally, Rivernorth Capital Management LLC lifted its stake in shares of Horizon Space Acquisition II by 38.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock valued at $6,244,000 after purchasing an additional 165,000 shares during the period.

About Horizon Space Acquisition II

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.