Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Expands By 91.1%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 34,617 shares, an increase of 91.1% from the April 15th total of 18,119 shares. Based on an average daily volume of 63,429 shares, the days-to-cover ratio is presently 0.5 days.

New Horizon Aircraft Stock Performance

New Horizon Aircraft stock remained flat at $0.49 during trading on Tuesday. The company had a trading volume of 3,952 shares, compared to its average volume of 55,625. New Horizon Aircraft has a one year low of $0.05 and a one year high of $0.86. The business’s 50 day moving average is $0.36 and its 200-day moving average is $0.39.

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. The company was founded in 2013 and is headquartered in Lindsay, Canada.