New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Up 625.0% in February

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 11,600 shares, an increase of 625.0% from the January 31st total of 1,600 shares. Based on an average daily trading volume, of 167,800 shares, the short-interest ratio is currently 0.1 days.

New Horizon Aircraft Trading Up 17.9 %

Shares of New Horizon Aircraft stock traded up $0.01 during trading hours on Friday, reaching $0.04. 4,480 shares of the company’s stock were exchanged, compared to its average volume of 85,374. New Horizon Aircraft has a 52-week low of $0.01 and a 52-week high of $0.17. The company has a fifty day moving average of $0.06 and a 200-day moving average of $0.03.

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.