Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Rises By 291.3%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 58,700 shares, an increase of 291.3% from the December 15th total of 15,000 shares. Based on an average daily volume of 145,600 shares, the short-interest ratio is currently 0.4 days.

New Horizon Aircraft Stock Performance

Shares of NASDAQ HOVRW traded down $0.01 during trading hours on Wednesday, reaching $0.07. The stock had a trading volume of 45,470 shares, compared to its average volume of 165,130. New Horizon Aircraft has a twelve month low of $0.01 and a twelve month high of $0.17. The business’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.03.

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.