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 growth in short interest in the month of December. As of December 31st, there was short interest totalling 58,700 shares, a growth of 291.3% from the December 15th total of 15,000 shares. Based on an average trading volume of 145,600 shares, the short-interest ratio is presently 0.4 days.

New Horizon Aircraft Trading Down 9.8 %

Shares of New Horizon Aircraft stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.07. 45,470 shares of the stock were exchanged, compared to its average volume of 165,130. New Horizon Aircraft has a fifty-two week low of $0.01 and a fifty-two week high of $0.17. The firm has a 50-day simple moving average of $0.05 and a 200 day simple 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.