Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) Sees Large Decline in Short Interest

Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5 shares, a decrease of 94.4% from the May 14th total of 89 shares. Based on an average trading volume of 8,152 shares, the short-interest ratio is currently 0.0 days.

Horizon Space Acquisition II Corp. Units Trading Up 1.2%

Shares of HSPTU stock traded up $0.15 during trading hours on Tuesday, hitting $12.80. 6,474 shares of the company were exchanged, compared to its average volume of 5,959. Horizon Space Acquisition II Corp. Units has a 1 year low of $7.24 and a 1 year high of $16.59. The firm has a fifty day moving average of $9.86 and a 200 day moving average of $10.12.

About Horizon Space Acquisition II Corp. Units

Horizon Space Acquisition II Corp. Units (NASDAQ: HSPTU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, issuing units at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of a warrant to purchase an additional share.

As a blank check company, Horizon Space Acquisition II does not have substantive operations or revenues of its own.