Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Increases By 625.0%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a growth of 625.0% from the January 31st total of 1,600 shares. Based on an average daily volume of 167,800 shares, the short-interest ratio is presently 0.1 days.

New Horizon Aircraft Price Performance

NASDAQ HOVRW traded down $0.01 during mid-day trading on Thursday, reaching $0.03. 7,760 shares of the company’s stock traded hands, compared to its average volume of 87,504. New Horizon Aircraft has a 1-year low of $0.01 and a 1-year high of $0.17. The company has a fifty day simple moving average of $0.06 and a 200-day simple moving average of $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.