New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Sees Large Increase in Short Interest

New Horizon Aircraft Ltd. (NASDAQ:HOVRW – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 63,664 shares, a growth of 138.9% from the June 30th total of 26,653 shares. Based on an average trading volume of 19,044 shares, the days-to-cover ratio is currently 3.3 days.

New Horizon Aircraft Stock Performance

HOVRW traded up $0.00 during trading on Wednesday, hitting $0.36. 12,517 shares of the company’s stock traded hands, compared to its average volume of 63,840. New Horizon Aircraft has a 12-month low of $0.18 and a 12-month high of $0.86. The company’s 50 day simple moving average is $0.41 and its two-hundred day simple moving average is $0.38.

Get New Horizon Aircraft alerts:

About New Horizon Aircraft

(Get Free Report)

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.

See Also

• Five stocks we like better than New Horizon Aircraft
• Why SK hynix Could Be the Best AI Chip Stock to Buy Now
• Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
• Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
• Why Bloom Energy May Be the Most Important AI Infrastructure Stock

Receive News & Ratings for New Horizon Aircraft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Horizon Aircraft and related companies with MarketBeat.com's FREE daily email newsletter.