Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) Short Interest Update

Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5 shares, a drop of 94.4% from the May 14th total of 89 shares. Based on an average trading volume of 8,152 shares, the days-to-cover ratio is presently 0.0 days.

Horizon Space Acquisition II Corp. Units Stock Performance

HSPTU stock traded down $1.10 during trading hours on Thursday, reaching $11.40. The stock had a trading volume of 27,964 shares, compared to its average volume of 6,668. The stock has a 50-day simple moving average of $9.94 and a 200 day simple moving average of $10.14. Horizon Space Acquisition II Corp. Units has a fifty-two week low of $7.24 and a fifty-two week high of $16.59.

Horizon Space Acquisition II Corp. Units Company Profile

Horizon Space Acquisition II Corp. Units (NASDAQ: HSPTU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, issuing units at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of a warrant to purchase an additional share.

As a blank check company, Horizon Space Acquisition II does not have substantive operations or revenues of its own.