New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Update

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,300 shares, a decrease of 13.2% from the February 28th total of 3,800 shares. Based on an average daily volume of 107,800 shares, the short-interest ratio is presently 0.0 days.

New Horizon Aircraft Trading Down 16.4 %

Shares of NASDAQ:HOVRW opened at $0.03 on Wednesday. New Horizon Aircraft has a 52-week low of $0.01 and a 52-week high of $0.17. The business’s 50 day simple moving average is $0.04 and its two-hundred day simple moving average is $0.04.

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.