Horizon Space Acquisition II (NASDAQ:HSPT) Stock Price Down 0.8% – What’s Next?

Horizon Space Acquisition II Corp. (NASDAQ:HSPT)’s share price fell 0.8% during mid-day trading on Tuesday . The company traded as low as $11.87 and last traded at $11.87. 2,555 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 26,718 shares. The stock had previously closed at $11.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Horizon Space Acquisition II in a report on Monday, February 9th. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Horizon Space Acquisition II Trading Down 0.8%

Institutional Trading of Horizon Space Acquisition II

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC boosted its holdings in Horizon Space Acquisition II by 38.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock worth $6,244,000 after buying an additional 165,000 shares in the last quarter. Clear Street Group Inc. lifted its position in shares of Horizon Space Acquisition II by 22.5% during the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after acquiring an additional 8,632 shares during the last quarter. Quarry LP acquired a new stake in shares of Horizon Space Acquisition II during the 4th quarter valued at $52,000. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of Horizon Space Acquisition II during the 4th quarter worth $1,582,000.

About Horizon Space Acquisition II

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.