Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Expands By 291.3%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large growth in short interest during the month of 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 daily volume of 145,600 shares, the short-interest ratio is currently 0.4 days.

New Horizon Aircraft Price Performance

NASDAQ:HOVRW traded down $0.01 during mid-day trading on Tuesday, reaching $0.05. The stock had a trading volume of 42,354 shares, compared to its average volume of 129,809. New Horizon Aircraft has a twelve month low of $0.01 and a twelve month high of $0.17. The business has a 50 day simple moving average of $0.06 and a 200 day simple moving average of $0.03.

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.