Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) Sees Large Decline in Short Interest

Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) saw a large 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 daily volume of 8,152 shares, the short-interest ratio is presently 0.0 days.

Horizon Space Acquisition II Corp. Units Price Performance

Shares of Horizon Space Acquisition II Corp. Units stock traded up $0.15 during mid-day trading on Tuesday, hitting $12.80. 6,474 shares of the stock were exchanged, compared to its average volume of 5,959. Horizon Space Acquisition II Corp. Units has a twelve month low of $7.24 and a twelve month high of $16.59. The company has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $10.12.

About Horizon Space Acquisition II Corp. Units

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.