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

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 58,700 shares, a growth of 291.3% from the December 31st total of 15,000 shares. Based on an average trading volume of 145,600 shares, the short-interest ratio is presently 0.4 days.

New Horizon Aircraft Stock Performance

Shares of HOVRW traded down $0.00 during trading hours on Thursday, hitting $0.05. 6,746 shares of the company were exchanged, compared to its average volume of 125,734. The firm has a fifty day simple moving average of $0.06 and a 200-day simple moving average of $0.03. New Horizon Aircraft has a one year low of $0.01 and a one year high of $0.17.

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.