Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Expands By 151.9%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 8,100 shares, a growth of 151.9% from the January 29th total of 3,216 shares. Based on an average trading volume of 15,199 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 15,199 shares, the short-interest ratio is currently 0.5 days.

New Horizon Aircraft Price Performance

HOVRW stock opened at $0.40 on Friday. The firm has a fifty day moving average price of $0.38 and a 200 day moving average price of $0.38. New Horizon Aircraft has a fifty-two week low of $0.03 and a fifty-two week high of $0.86.

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