Short Interest in New Horizon Aircraft Ltd. (NASDAQ:HOVRW) Drops By 5.7%

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

New Horizon Aircraft Stock Up 80.4 %

Shares of New Horizon Aircraft stock opened at $0.04 on Tuesday. The firm’s 50 day moving average is $0.01 and its 200 day moving average is $0.02. New Horizon Aircraft has a 1 year low of $0.01 and a 1 year 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.