New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Down 81.8% in March

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, a drop of 81.8% from the March 15th total of 3,300 shares. Based on an average daily volume of 65,100 shares, the days-to-cover ratio is presently 0.0 days.

New Horizon Aircraft Stock Performance

New Horizon Aircraft stock traded up $0.00 during mid-day trading on Monday, hitting $0.03. The company’s stock had a trading volume of 7,395 shares, compared to its average volume of 72,404. The business has a 50 day moving average price of $0.03 and a 200-day moving average price of $0.04. New Horizon Aircraft has a 12 month low of $0.01 and a 12 month high of $0.17.

New Horizon Aircraft Company Profile

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.