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

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 63,664 shares, a growth of 138.9% from the June 30th total of 26,653 shares. Based on an average daily volume of 19,044 shares, the short-interest ratio is currently 3.3 days.

New Horizon Aircraft Trading Down 4.7%

HOVRW traded down $0.02 during trading on Thursday, hitting $0.35. 12,806 shares of the stock traded hands, compared to its average volume of 63,492. New Horizon Aircraft has a 12-month low of $0.19 and a 12-month high of $0.86. The firm has a 50-day moving average of $0.41 and a 200 day moving average of $0.38.

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.