New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Short Interest Update

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 146,800 shares, a drop of 5.7% from the October 31st total of 155,700 shares. Based on an average trading volume of 26,000 shares, the days-to-cover ratio is currently 5.6 days.

New Horizon Aircraft Price Performance

NASDAQ:HOVRW opened at $0.04 on Thursday. The business’s 50-day simple moving average is $0.02 and its two-hundred day simple moving average is $0.02. New Horizon Aircraft has a 52 week low of $0.01 and a 52 week high of $0.10.

New Horizon Aircraft Company Profile

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.