Short Interest in Horizon Space Acquisition I Corp. (NASDAQ:HSPO) Increases By 800.0%

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, an increase of 800.0% from the February 28th total of 100 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Horizon Space Acquisition I

A hedge fund recently raised its stake in Horizon Space Acquisition I stock. Westchester Capital Management LLC lifted its position in shares of Horizon Space Acquisition I Corp. (NASDAQ:HSPO) by 23.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,400 shares of the company’s stock after purchasing an additional 75,000 shares during the period. Westchester Capital Management LLC owned 4.97% of Horizon Space Acquisition I worth $4,361,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 69.10% of the company’s stock.

Horizon Space Acquisition I Stock Performance

Shares of NASDAQ HSPO traded up $0.04 during mid-day trading on Wednesday, reaching $11.76. 10,619 shares of the company were exchanged, compared to its average volume of 25,155. The company’s 50-day simple moving average is $11.72 and its 200-day simple moving average is $11.45. Horizon Space Acquisition I has a twelve month low of $10.86 and a twelve month high of $12.41.

About Horizon Space Acquisition I

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.