New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Update

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8,000 shares, a decrease of 65.8% from the September 15th total of 23,400 shares. Based on an average daily trading volume, of 136,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 136,000 shares, the short-interest ratio is presently 0.1 days.

New Horizon Aircraft Stock Down 6.7%

Shares of NASDAQ:HOVRW opened at $0.53 on Monday. New Horizon Aircraft has a fifty-two week low of $0.01 and a fifty-two week high of $0.86. The firm has a 50-day simple moving average of $0.32 and a 200 day simple moving average of $0.21.

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.