Horizon Space Acquisition I (NASDAQ:HSPO) Stock Price Down 0.3% - Time to Sell?

Key Points

• Horizon Space Acquisition I's stock price fell by 0.3%, closing at $12.13 after trading as low as $12.16, despite a significant increase in volume.
• A hedge fund, Berkley W R Corp, raised its stake in the company by 71.9% during the fourth quarter, now owning approximately 2.62% of the stock.
• Institutional investors hold a substantial 69.10% of Horizon Space Acquisition I, indicating strong institutional interest in the company's potential growth.

Horizon Space Acquisition I Corp. (NASDAQ:HSPO - Get Free Report) dropped 0.3% on Friday . The company traded as low as $12.16 and last traded at $12.13. Approximately 1,399 shares were traded during trading, an increase of 448% from the average daily volume of 255 shares. The stock had previously closed at $12.16.

Horizon Space Acquisition I Stock Performance

The firm has a 50-day moving average of $12.23 and a 200 day moving average of $11.97.

Hedge Funds Weigh In On Horizon Space Acquisition I

An institutional investor recently raised its position in Horizon Space Acquisition I stock. Berkley W R Corp boosted its stake in Horizon Space Acquisition I Corp. (NASDAQ:HSPO - Free Report) by 71.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,129 shares of the company's stock after purchasing an additional 85,813 shares during the period. Berkley W R Corp owned about 2.62% of Horizon Space Acquisition I worth $2,338,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 69.10% of the company's stock.

About Horizon Space Acquisition I

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.