Horizon Space Acquisition I Corp. (NASDAQ:HSPO) Sees Large Decline in Short Interest

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 100 shares, a decline of 95.5% from the January 31st total of 2,200 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Horizon Space Acquisition I

A number of large investors have recently added to or reduced their stakes in HSPO. Berkley W R Corp lifted its position in shares of Horizon Space Acquisition I by 71.9% during the 4th quarter. Berkley W R Corp now owns 205,129 shares of the company’s stock valued at $2,338,000 after acquiring an additional 85,813 shares during the period. Westchester Capital Management LLC lifted its position in Horizon Space Acquisition I by 23.9% during the third quarter. Westchester Capital Management LLC now owns 389,400 shares of the company’s stock worth $4,361,000 after purchasing an additional 75,000 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in Horizon Space Acquisition I by 77.9% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the company’s stock worth $6,999,000 after buying an additional 274,215 shares in the last quarter. Institutional investors and hedge funds own 69.10% of the company’s stock.

Horizon Space Acquisition I Stock Performance

Shares of NASDAQ:HSPO traded up $0.11 on Friday, reaching $11.72. 100 shares of the company’s stock were exchanged, compared to its average volume of 30,034. Horizon Space Acquisition I has a twelve month low of $10.80 and a twelve month high of $12.41. The company has a fifty day moving average of $11.65 and a 200-day moving average of $11.38.

Horizon Space Acquisition I Company Profile

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.