New Horizon Aircraft (HOVR) Short Interest Ratio & Short Volume

Short interest is the volume of New Horizon Aircraft shares that have been sold short but have not yet been closed out or covered. As of August 15th, investors have sold 400,100 shares of HOVR short. 4.18% of New Horizon Aircraft's shares are currently sold short. Learn More on New Horizon Aircraft's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 4.18% of New Horizon Aircraft's floating shares are currently sold short.

New Horizon Aircraft saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 400,100 shares, a decline of 11.0% from the previous total of 449,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

New Horizon Aircraft currently has issued a total of 18,610,000 shares. Some of New Horizon Aircraft's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. New Horizon Aircraft currently has a public float of 9,570,000 shares.

4.18% of New Horizon Aircraft's shares are currently sold short. Here is how the short interest of companies compare to New Horizon Aircraft: Draganfly Inc. (6.30%), Mobilicom Limited (10.17%), ParaZero Technologies Ltd. (7.20%), Embraer S.A. (2.00%), RTX Co. (1.37%), Elbit Systems Ltd. (0.29%), Loar Holdings, LLC (1.85%), Archer Aviation Inc. (30.22%), Ducommun Incorporated (1.60%), Eve Holding, Inc. (3.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.23 billion), Aptiv PLC ($2.50 billion), Royal Caribbean Cruises Ltd. ($2.48 billion), Paychex, Inc. ($2.25 billion), Moderna, Inc. ($2.17 billion), Cencora, Inc. ($2.12 billion), Tractor Supply ($1.93 billion), Onsemi ($1.82 billion), International Paper ($1.81 billion), and Rivian Automotive, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling HOVR is an investing strategy that aims to generate trading profit from New Horizon Aircraft as its price is falling. HOVR shares are trading up $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for New Horizon Aircraft occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of HOVR, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HOVR, twice per month. The most recent reporting period available is August, 15 2024.