Horizon Space Acquisition II (NASDAQ:HSPT) Trading Down 0.8% – What’s Next?

Shares of Horizon Space Acquisition II Corp. (NASDAQ:HSPT) fell 0.8% during trading on Tuesday . The stock traded as low as $11.87 and last traded at $11.87. 2,555 shares were traded during trading, a decline of 90% from the average session volume of 26,718 shares. The stock had previously closed at $11.97.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Horizon Space Acquisition II in a report on Monday, February 9th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Horizon Space Acquisition II has a consensus rating of “Sell”.

Horizon Space Acquisition II Price Performance

Institutional Investors Weigh In On Horizon Space Acquisition II

Several large investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. grew its stake in Horizon Space Acquisition II by 22.5% in the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock worth $496,000 after acquiring an additional 8,632 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in Horizon Space Acquisition II in the fourth quarter worth approximately $1,582,000. Quarry LP purchased a new position in Horizon Space Acquisition II during the 4th quarter worth $52,000. Finally, Rivernorth Capital Management LLC increased its holdings in Horizon Space Acquisition II by 38.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock worth $6,244,000 after purchasing an additional 165,000 shares during the period.

Horizon Space Acquisition II Company Profile

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.