New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Sees Significant Increase in Short Interest

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a growth of 625.0% from the January 31st total of 1,600 shares. Based on an average daily volume of 167,800 shares, the short-interest ratio is currently 0.1 days.

New Horizon Aircraft Trading Down 14.2 %

Shares of HOVRW opened at $0.03 on Friday. The stock 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 52-week low of $0.01 and a 52-week 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.