Horizon Space Acquisition II Corp. (NASDAQ:HSPT) Short Interest Up 129.6% in April

Horizon Space Acquisition II Corp. (NASDAQ:HSPTGet Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 4,422 shares, an increase of 129.6% from the April 15th total of 1,926 shares. Based on an average daily volume of 13,829 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Horizon Space Acquisition II in a research note on Monday, February 9th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Report on HSPT

Horizon Space Acquisition II Stock Down 4.2%

Shares of NASDAQ:HSPT traded down $0.38 on Friday, reaching $8.60. The company’s stock had a trading volume of 1,523 shares, compared to its average volume of 22,983. Horizon Space Acquisition II has a 52-week low of $5.25 and a 52-week high of $14.31. The business has a 50-day moving average price of $7.87.

Horizon Space Acquisition II (NASDAQ:HSPTGet Free Report) last issued its quarterly earnings data on Wednesday, April 8th. The company reported ($0.42) EPS for the quarter.

Hedge Funds Weigh In On Horizon Space Acquisition II

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Horizon Space Acquisition II during the 4th quarter worth about $52,000. Clear Street Group Inc. boosted its stake in shares of Horizon Space Acquisition II by 22.5% during the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock worth $496,000 after purchasing an additional 8,632 shares during the period. L1 Global Manager Pty Ltd purchased a new position in shares of Horizon Space Acquisition II during the 4th quarter worth about $1,582,000. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Horizon Space Acquisition II by 38.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock worth $6,244,000 after purchasing an additional 165,000 shares during the period.

Horizon Space Acquisition II Company Profile

(Get Free Report)

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.

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