Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Increases By 291.3%

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

New Horizon Aircraft Stock Down 7.5 %

HOVRW traded down $0.01 during midday trading on Monday, hitting $0.07. The stock had a trading volume of 52,541 shares, compared to its average volume of 202,220. The business has a fifty day moving average of $0.04 and a 200 day moving average of $0.03. New Horizon Aircraft has a 1 year low of $0.01 and a 1 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.