Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Increases By 138.9%

New Horizon Aircraft Ltd. (NASDAQ:HOVRW) was the recipient of a large growth in short interest in the month of 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 daily volume of 19,044 shares, the short-interest ratio is currently 3.3 days.

New Horizon Aircraft Stock Performance

HOVRW stock opened at $0.36 on Tuesday. New Horizon Aircraft has a 52 week low of $0.18 and a 52 week high of $0.86. The firm’s 50-day moving average is $0.41 and its two-hundred day moving average is $0.39.

About New Horizon Aircraft

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.