Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 5 shares, a decline of 94.4% from the May 14th total of 89 shares. Based on an average trading volume of 8,152 shares, the days-to-cover ratio is presently 0.0 days.
Horizon Space Acquisition II Corp. Units Stock Down 1.9%
Shares of HSPTU traded down $0.25 on Wednesday, hitting $12.55. The company’s stock had a trading volume of 6,745 shares, compared to its average volume of 5,972. Horizon Space Acquisition II Corp. Units has a fifty-two week low of $7.24 and a fifty-two week high of $16.59. The company has a 50 day moving average price of $9.86 and a 200 day moving average price of $10.12.
About Horizon Space Acquisition II Corp. Units
Horizon Space Acquisition II Corp. Units (NASDAQ: HSPTU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, issuing units at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of a warrant to purchase an additional share.
As a blank check company, Horizon Space Acquisition II does not have substantive operations or revenues of its own.
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