New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Update

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 17,771 shares, an increase of 176.6% from the March 15th total of 6,425 shares. Based on an average daily volume of 23,722 shares, the days-to-cover ratio is presently 0.7 days.

New Horizon Aircraft Price Performance

Shares of HOVRW traded down $0.02 during trading hours on Monday, hitting $0.33. The company had a trading volume of 1,661 shares, compared to its average volume of 42,483. The business has a fifty day moving average of $0.35 and a 200-day moving average of $0.40. New Horizon Aircraft has a 12 month low of $0.03 and a 12 month high of $0.86.

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. The company was founded in 2013 and is headquartered in Lindsay, Canada.