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

New Horizon Aircraft Ltd. (NASDAQ:HOVR) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 335,800 shares, a growth of 7.0% from the August 31st total of 313,700 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 706,600 shares, the days-to-cover ratio is currently 0.5 days.

New Horizon Aircraft Stock Performance

HOVR stock traded down $0.03 during trading on Tuesday, hitting $0.43. The company had a trading volume of 342,439 shares, compared to its average volume of 572,662. New Horizon Aircraft has a fifty-two week low of $0.41 and a fifty-two week high of $12.14. The business has a 50 day moving average of $0.75 and a 200 day moving average of $1.24.

Insider Buying and Selling at New Horizon Aircraft

In other New Horizon Aircraft news, major shareholder Dustin M. Shindo sold 102,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $0.82, for a total transaction of $83,640.00. Following the sale, the insider now owns 1,537,563 shares in the company, valued at $1,260,801.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 133,000 shares of company stock valued at $107,300 over the last 90 days.

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.