Short Interest in Horizon Space Acquisition II Corp. (NASDAQ:HSPT) Expands By 129.6%

Horizon Space Acquisition II Corp. (NASDAQ:HSPT) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,422 shares, an increase of 129.6% from the April 15th total of 1,926 shares. Based on an average daily volume of 13,829 shares, the short-interest ratio is presently 0.3 days.

Horizon Space Acquisition II Stock Down 4.2%

Shares of NASDAQ HSPT traded down $0.38 during mid-day trading on Friday, reaching $8.60. The company’s stock had a trading volume of 1,523 shares, compared to its average volume of 22,983. The business has a 50-day simple moving average of $7.91. Horizon Space Acquisition II has a 1-year low of $5.25 and a 1-year high of $14.31.

Horizon Space Acquisition II (NASDAQ:HSPT) last announced its quarterly earnings data on Wednesday, April 8th. The company reported ($0.42) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Horizon Space Acquisition II in a research report on Monday, February 9th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, Horizon Space Acquisition II currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Horizon Space Acquisition II

Hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Horizon Space Acquisition II in the fourth quarter valued at about $52,000. Clear Street Group Inc. grew its holdings in shares of Horizon Space Acquisition II by 22.5% in the fourth quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after purchasing an additional 8,632 shares during the period. L1 Global Manager Pty Ltd purchased a new stake in shares of Horizon Space Acquisition II in the fourth quarter valued at about $1,582,000. Finally, Rivernorth Capital Management LLC grew its holdings in shares of Horizon Space Acquisition II by 38.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock valued at $6,244,000 after purchasing an additional 165,000 shares during the period.

Horizon Space Acquisition II Company Profile

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.