Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Decreases By 96.6%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 2,000 shares, a decrease of 96.6% from the December 31st total of 58,700 shares. Based on an average trading volume of 152,900 shares, the short-interest ratio is presently 0.0 days.

New Horizon Aircraft Stock Performance

New Horizon Aircraft stock traded down $0.00 during mid-day trading on Thursday, reaching $0.05. The company’s stock had a trading volume of 9,089 shares, compared to its average volume of 126,157. New Horizon Aircraft has a twelve month low of $0.01 and a twelve month high of $0.17. The business has a 50 day moving average price of $0.06 and a 200-day moving average price of $0.03.

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.