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

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

New Horizon Aircraft Stock Up 7.1 %

Shares of NASDAQ HOVRW traded up $0.00 during mid-day trading on Wednesday, reaching $0.05. 42,354 shares of the company’s stock traded hands, compared to its average volume of 129,809. The business has a 50-day simple moving average of $0.06 and a 200 day simple moving average of $0.03. New Horizon Aircraft has a 1-year low of $0.01 and a 1-year high of $0.17.

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.