New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Update

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,800 shares, a decline of 67.2% from the February 13th total of 11,600 shares. Based on an average trading volume of 151,400 shares, the short-interest ratio is presently 0.0 days.

New Horizon Aircraft Stock Performance

Shares of New Horizon Aircraft stock traded down $0.00 on Thursday, hitting $0.03. 3,700 shares of the company’s stock traded hands, compared to its average volume of 74,571. The firm’s 50-day moving average price is $0.05 and its two-hundred day moving average price is $0.04. New Horizon Aircraft has a one year low of $0.01 and a one year high of $0.17.

About New Horizon Aircraft

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.