Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Decreases By 89.6%

New Horizon Aircraft Ltd. (NASDAQ:HOVRWGet Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 15,000 shares, a drop of 89.6% from the November 30th total of 144,200 shares. Based on an average trading volume of 96,000 shares, the days-to-cover ratio is currently 0.2 days.

New Horizon Aircraft Price Performance

NASDAQ HOVRW traded up $0.04 on Thursday, hitting $0.09. The stock had a trading volume of 852,289 shares, compared to its average volume of 78,040. New Horizon Aircraft has a one year low of $0.01 and a one year high of $0.10. The company’s 50-day moving average is $0.02 and its two-hundred day moving average is $0.02.

About New Horizon Aircraft

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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.

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