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

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a growth of 800.0% from the February 28th total of 100 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Horizon Space Acquisition I Price Performance

HSPO stock opened at $11.78 on Friday. The stock has a 50-day moving average price of $11.72 and a 200-day moving average price of $11.45. Horizon Space Acquisition I has a 1-year low of $10.87 and a 1-year high of $12.41.

Institutional Investors Weigh In On Horizon Space Acquisition I

An institutional investor recently raised its position in Horizon Space Acquisition I stock. Berkley W R Corp lifted its stake in shares of Horizon Space Acquisition I Corp. (NASDAQ:HSPO) by 71.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,129 shares of the company’s stock after buying an additional 85,813 shares during the quarter. Berkley W R Corp owned about 2.62% of Horizon Space Acquisition I worth $2,338,000 as of its most recent filing with the Securities & Exchange Commission. 69.10% of the stock is owned by institutional investors and hedge funds.

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.