Short Interest in Horizon Space Acquisition I Corp. (NASDAQ:HSPO) Decreases By 99.1%

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 500 shares, a drop of 99.1% from the December 15th total of 56,200 shares. Based on an average daily volume of 18,700 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Horizon Space Acquisition I

A hedge fund recently raised its stake in Horizon Space Acquisition I stock. Westchester Capital Management LLC grew its stake in shares of Horizon Space Acquisition I Corp. (NASDAQ:HSPO) by 23.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,400 shares of the company’s stock after acquiring an additional 75,000 shares during the quarter. Westchester Capital Management LLC owned about 4.97% of Horizon Space Acquisition I worth $4,361,000 at the end of the most recent quarter. Institutional investors own 69.10% of the company’s stock.

Horizon Space Acquisition I Stock Performance

Shares of NASDAQ:HSPO remained flat at $11.42 during trading on Wednesday. The business has a 50-day simple moving average of $11.39 and a 200-day simple moving average of $11.24. Horizon Space Acquisition I has a one year low of $10.75 and a one year high of $11.90.

About Horizon Space Acquisition I

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.