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

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 2,000 shares, a decrease of 96.6% from the December 31st total of 58,700 shares. Based on an average daily volume of 152,900 shares, the days-to-cover ratio is currently 0.0 days.

New Horizon Aircraft Trading Down 3.3 %

NASDAQ HOVRW traded down $0.00 during mid-day trading on Thursday, hitting $0.05. The company’s stock had a trading volume of 9,089 shares, compared to its average volume of 126,157. New Horizon Aircraft has a 52-week low of $0.01 and a 52-week high of $0.17. The stock’s fifty day simple moving average is $0.06 and its two-hundred day simple moving average is $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.