Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Drops By 67.2%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,800 shares, a drop of 67.2% from the February 13th total of 11,600 shares. Based on an average daily volume of 151,400 shares, the short-interest ratio is presently 0.0 days.

New Horizon Aircraft Price Performance

Shares of NASDAQ HOVRW traded up $0.01 during trading hours on Friday, reaching $0.03. 78,651 shares of the stock were exchanged, compared to its average volume of 75,099. New Horizon Aircraft has a 52 week low of $0.01 and a 52 week high of $0.17. The stock’s fifty day simple moving average is $0.05 and its 200 day simple moving average is $0.04.

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.