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

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 3,000 shares, an increase of 30.4% from the September 30th total of 2,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 17,800 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Horizon Space Acquisition I

A number of institutional investors and hedge funds have recently made changes to their positions in HSPO. Spartan Fund Management Inc. purchased a new position in Horizon Space Acquisition I in the second quarter worth approximately $913,000. K2 Principal Fund L.P. purchased a new position in Horizon Space Acquisition I in the first quarter valued at $816,000. Wolverine Asset Management LLC lifted its holdings in Horizon Space Acquisition I by 1.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 534,857 shares of the company’s stock worth $5,910,000 after buying an additional 6,000 shares during the last quarter. Finally, Cowen AND Company LLC boosted its position in shares of Horizon Space Acquisition I by 1.7% during the 2nd quarter. Cowen AND Company LLC now owns 252,422 shares of the company’s stock worth $2,787,000 after acquiring an additional 4,174 shares in the last quarter. 69.10% of the stock is owned by institutional investors and hedge funds.

Horizon Space Acquisition I Price Performance

HSPO opened at $11.25 on Wednesday. The business has a fifty day moving average price of $11.20 and a 200 day moving average price of $11.08. Horizon Space Acquisition I has a 12 month low of $10.60 and a 12 month high of $11.25.

Horizon Space Acquisition I Company Profile

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.