New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Down 81.8% in March

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, a decrease of 81.8% from the March 15th total of 3,300 shares. Based on an average daily trading volume, of 65,100 shares, the short-interest ratio is presently 0.0 days.

New Horizon Aircraft Stock Up 0.3 %

NASDAQ:HOVRW traded up $0.00 during mid-day trading on Monday, reaching $0.03. 7,395 shares of the company’s stock traded hands, compared to its average volume of 72,404. New Horizon Aircraft has a 12-month low of $0.01 and a 12-month high of $0.17. The company has a 50 day moving average price of $0.03 and a 200-day moving average price of $0.04.

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.