Horizon Space Acquisition I (NASDAQ:HSPO) Trading 3.4% Higher – Time to Buy?

Horizon Space Acquisition I Corp. (NASDAQ:HSPO) shares shot up 3.4% during trading on Tuesday . The stock traded as high as $11.75 and last traded at $11.75. 16 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 37,977 shares. The stock had previously closed at $11.36.

Horizon Space Acquisition I Stock Performance

The firm has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $11.18.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HSPO. Cowen AND Company LLC boosted its stake in Horizon Space Acquisition I by 1.7% during the 2nd quarter. Cowen AND Company LLC now owns 252,422 shares of the company’s stock valued at $2,787,000 after purchasing an additional 4,174 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Horizon Space Acquisition I by 1.1% in the second quarter. Wolverine Asset Management LLC now owns 534,857 shares of the company’s stock valued at $5,910,000 after buying an additional 6,000 shares during the period. Westchester Capital Management LLC boosted its stake in Horizon Space Acquisition I by 23.9% during the third quarter. Westchester Capital Management LLC now owns 389,400 shares of the company’s stock valued at $4,361,000 after buying an additional 75,000 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in Horizon Space Acquisition I during the second quarter worth about $913,000. Finally, Mizuho Securities USA LLC raised its position in Horizon Space Acquisition I by 77.9% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the company’s stock worth $6,999,000 after acquiring an additional 274,215 shares in the last quarter. Institutional investors and hedge funds own 69.10% of the company’s stock.

Horizon Space Acquisition I Company Profile

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.