New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Up 291.3% in December

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 58,700 shares, an increase of 291.3% from the December 15th total of 15,000 shares. Based on an average daily trading volume, of 145,600 shares, the short-interest ratio is currently 0.4 days.

New Horizon Aircraft Price Performance

NASDAQ:HOVRW traded up $0.01 during trading hours on Tuesday, hitting $0.07. 25,264 shares of the company traded hands, compared to its average volume of 180,096. The firm has a 50-day moving average of $0.05 and a 200 day moving average of $0.03. New Horizon Aircraft has a twelve month low of $0.01 and a twelve month 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.