Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Declines By 5.7%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 146,800 shares, a decline of 5.7% from the October 31st total of 155,700 shares. Based on an average trading volume of 26,000 shares, the days-to-cover ratio is currently 5.6 days.

New Horizon Aircraft Price Performance

Shares of NASDAQ:HOVRW opened at $0.04 on Wednesday. New Horizon Aircraft has a one year low of $0.01 and a one year high of $0.10. The firm has a 50 day simple moving average of $0.01 and a 200 day simple moving average of $0.02.

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.