New Horizon Aircraft Ltd. (NASDAQ:HOVR – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 902,300 shares, an increase of 16.4% from the December 15th total of 774,900 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is presently 0.2 days.
New Horizon Aircraft Stock Down 0.4 %
HOVR traded down $0.00 during trading on Friday, reaching $0.90. 586,597 shares of the company’s stock were exchanged, compared to its average volume of 3,443,170. New Horizon Aircraft has a fifty-two week low of $0.24 and a fifty-two week high of $3.29. The business has a 50 day moving average price of $0.75 and a 200 day moving average price of $0.64.
New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) last posted its quarterly earnings results on Tuesday, January 14th. The company reported $0.80 earnings per share for the quarter.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research firms recently commented on HOVR. EF Hutton Acquisition Co. I upgraded shares of New Horizon Aircraft to a “strong-buy” rating in a research note on Monday, October 7th. D. Boral Capital restated a “buy” rating and set a $2.00 price target on shares of New Horizon Aircraft in a research note on Wednesday.
View Our Latest Stock Report on New Horizon Aircraft
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 in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter.
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