Horizon Space Acquisition I Corp. (NASDAQ:HSPO) Sees Significant Increase in Short Interest

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,500 shares, an increase of 19.0% from the August 15th total of 2,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 23,900 shares, the short-interest ratio is presently 0.1 days.

Horizon Space Acquisition I Stock Performance

HSPO stock traded up $0.02 during midday trading on Tuesday, reaching $11.20. The company’s stock had a trading volume of 233,880 shares, compared to its average volume of 39,290. Horizon Space Acquisition I has a 1 year low of $10.55 and a 1 year high of $11.21. The stock has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $11.00.

Hedge Funds Weigh In On Horizon Space Acquisition I

Several institutional investors have recently made changes to their positions in the company. Cowen AND Company LLC boosted its position in Horizon Space Acquisition I by 1.7% during the second quarter. Cowen AND Company LLC now owns 252,422 shares of the company’s stock valued at $2,787,000 after purchasing an additional 4,174 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Horizon Space Acquisition I by 1.1% in the second quarter. Wolverine Asset Management LLC now owns 534,857 shares of the company’s stock worth $5,910,000 after acquiring an additional 6,000 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Horizon Space Acquisition I during the second quarter worth about $913,000. K2 Principal Fund L.P. acquired a new stake in shares of Horizon Space Acquisition I during the first quarter worth about $816,000. Finally, Glazer Capital LLC lifted its holdings in shares of Horizon Space Acquisition I by 11.2% during the fourth quarter. Glazer Capital LLC now owns 382,709 shares of the company’s stock worth $4,106,000 after purchasing an additional 38,653 shares during the period. Hedge funds and other institutional investors own 69.10% of the company’s stock.

About Horizon Space Acquisition I

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.