Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Grows By 32.5%

Volato Group, Inc. (NYSEAMERICAN:SOARGet Free Report) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 505,348 shares, an increase of 32.5% from the January 15th total of 381,400 shares. Approximately 9.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,207,835 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 2,207,835 shares, the days-to-cover ratio is presently 0.2 days. Approximately 9.1% of the shares of the company are sold short.

Volato Group Price Performance

Volato Group stock opened at $0.39 on Monday. The company’s 50-day moving average price is $0.74 and its two-hundred day moving average price is $1.35. Volato Group has a twelve month low of $0.37 and a twelve month high of $6.48.

Volato Group (NYSEAMERICAN:SOARGet Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.45 earnings per share for the quarter. The firm had revenue of $0.38 million for the quarter.

Institutional Investors Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC increased its holdings in Volato Group, Inc. (NYSEAMERICAN:SOARFree Report) by 336.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,870 shares of the company’s stock after buying an additional 36,905 shares during the period. Geode Capital Management LLC owned 0.64% of Volato Group worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Volato Group Company Profile

(Get Free Report)

Volato Group, Inc operates as a private aviation company. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, the company operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. Volato Group, Inc was founded in 2021 and is based in Chamblee, Georgia.

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