New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Up 136.4% in September

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 23,400 shares, an increase of 136.4% from the August 31st total of 9,900 shares. Based on an average daily volume of 119,400 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 119,400 shares, the short-interest ratio is presently 0.2 days.

New Horizon Aircraft Price Performance

Shares of NASDAQ:HOVRW opened at $0.40 on Monday. New Horizon Aircraft has a 52 week low of $0.01 and a 52 week high of $0.50. The company’s 50 day moving average is $0.25 and its two-hundred day moving average is $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.