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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HSPT. L1 Global Manager Pty Ltd bought a new position in shares of Horizon Space Acquisition II during the fourth quarter valued at $1,582,000. Quarry LP bought a new position in shares of Horizon Space Acquisition II during the fourth quarter valued at $52,000. Clear Street Group Inc. lifted its holdings in shares of Horizon Space Acquisition II by 22.5% during the fourth quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after acquiring an additional 8,632 shares during the period. Finally, Rivernorth Capital Management LLC lifted its holdings in shares of Horizon Space Acquisition II by 38.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock valued at $6,244,000 after acquiring an additional 165,000 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Horizon Space Acquisition II in a research note on Monday, February 9th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Horizon Space Acquisition II Stock Performance

Shares of NASDAQ HSPT traded down $0.38 during midday trading on Friday, reaching $8.60. 1,523 shares of the company traded hands, compared to its average volume of 22,983. The business’s 50-day moving average price is $7.87. Horizon Space Acquisition II has a 12 month low of $5.25 and a 12 month high of $14.31.

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

Horizon Space Acquisition II Company Profile

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.