New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Up 291.3% in December

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 58,700 shares, an increase of 291.3% from the December 15th total of 15,000 shares. Based on an average daily volume of 145,600 shares, the short-interest ratio is currently 0.4 days.

New Horizon Aircraft Stock Performance

HOVRW stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.07. The stock had a trading volume of 25,264 shares, compared to its average volume of 180,096. New Horizon Aircraft has a 1-year low of $0.01 and a 1-year high of $0.17. The company has a fifty day moving average of $0.05 and a 200 day moving average 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.