New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report) fell 6.1% during trading on Tuesday . The company traded as low as $0.3750 and last traded at $0.3850. Approximately 5,989 shares were traded during trading, a decline of 90% from the average daily volume of 60,333 shares. The stock had previously closed at $0.4099.
New Horizon Aircraft Trading Down 2.6%
The company’s fifty day simple moving average is $0.38 and its two-hundred day simple moving average is $0.39.
Hedge Funds Weigh In On New Horizon Aircraft
A hedge fund recently bought a new stake in New Horizon Aircraft stock. Alyeska Investment Group L.P. acquired a new stake in New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,987,536 shares of the company’s stock, valued at approximately $3,915,000.
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.
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