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

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large increase in short interest during 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 trading volume of 63,429 shares, the days-to-cover ratio is presently 0.5 days.

New Horizon Aircraft Price Performance

HOVRW traded up $0.03 on Monday, hitting $0.49. 65,875 shares of the company were exchanged, compared to its average volume of 56,177. The firm has a fifty day simple moving average of $0.36 and a two-hundred day simple moving average of $0.39. New Horizon Aircraft has a 12 month low of $0.05 and a 12 month 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.