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

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 22,881 shares, a drop of 32.1% from the December 15th total of 33,713 shares. Based on an average trading volume of 29,159 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 29,159 shares, the days-to-cover ratio is presently 0.8 days.

New Horizon Aircraft Stock Down 6.9%

Shares of NASDAQ HOVRW traded down $0.03 during trading hours on Friday, reaching $0.37. The stock had a trading volume of 47,039 shares, compared to its average volume of 90,431. New Horizon Aircraft has a 52-week low of $0.03 and a 52-week high of $0.86. The business’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.36.

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. The company was founded in 2013 and is headquartered in Lindsay, Canada.