Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Increases By 625.0%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 11,600 shares, an increase of 625.0% from the January 31st total of 1,600 shares. Based on an average daily trading volume, of 167,800 shares, the days-to-cover ratio is presently 0.1 days.

New Horizon Aircraft Trading Down 14.2 %

NASDAQ HOVRW opened at $0.03 on Friday. The firm’s 50 day moving average is $0.06 and its 200-day moving average is $0.03. New Horizon Aircraft has a 12-month low of $0.01 and a 12-month high of $0.17.

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.