New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Sees Large Growth in Short Interest

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

New Horizon Aircraft Price Performance

Shares of NASDAQ HOVRW traded down $0.00 during midday trading on Thursday, reaching $0.05. 6,746 shares of the company traded hands, compared to its average volume of 125,734. The stock has a 50-day moving average price of $0.06 and a 200 day moving average price of $0.03. New Horizon Aircraft has a 52 week low of $0.01 and a 52 week high of $0.17.

New Horizon Aircraft Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for New Horizon Aircraft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Horizon Aircraft and related companies with MarketBeat.com's FREE daily email newsletter.