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

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a large 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 volume of 145,600 shares, the days-to-cover ratio is presently 0.4 days.

New Horizon Aircraft Trading Up 7.1 %

Shares of NASDAQ HOVRW traded up $0.00 during midday trading on Wednesday, hitting $0.05. The company’s stock had a trading volume of 42,354 shares, compared to its average volume of 129,809. New Horizon Aircraft has a 12-month low of $0.01 and a 12-month high of $0.17. The business’s 50 day moving average is $0.06 and its two-hundred day 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.