Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Expands By 91.1%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 34,617 shares, a growth of 91.1% from the April 15th total of 18,119 shares. Based on an average daily volume of 63,429 shares, the days-to-cover ratio is currently 0.5 days.

New Horizon Aircraft Price Performance

New Horizon Aircraft stock traded down $0.03 during midday trading on Friday, reaching $0.46. 75,777 shares of the stock traded hands, compared to its average volume of 56,074. The stock’s fifty day moving average is $0.36 and its 200-day moving average is $0.39. New Horizon Aircraft has a 12 month low of $0.04 and a 12 month high of $0.86.

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About New Horizon Aircraft

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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.

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