Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Expands By 30.6%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 108,700 shares, a growth of 30.6% from the July 15th total of 83,200 shares. Based on an average daily trading volume, of 21,500 shares, the days-to-cover ratio is presently 5.1 days.

New Horizon Aircraft Price Performance

NASDAQ HOVRW remained flat at $0.02 during midday trading on Friday. The company’s stock had a trading volume of 139 shares, compared to its average volume of 61,021. The stock’s 50 day moving average price is $0.02. New Horizon Aircraft has a 1-year low of $0.01 and a 1-year high of $0.12.

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.