Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 114.6% in February

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 119,100 shares, an increase of 114.6% from the February 13th total of 55,500 shares. Based on an average trading volume of 196,600 shares, the short-interest ratio is currently 0.6 days. Approximately 9.5% of the company’s shares are short sold.

Insider Transactions at Volato Group

In other news, insider Nicholas James Cooper sold 18,360 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.50, for a total transaction of $119,340.00. Following the completion of the sale, the insider now owns 134,142 shares of the company’s stock, valued at approximately $871,923. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 29.16% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC purchased a new stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.23% of Volato Group as of its most recent SEC filing.

Volato Group Trading Up 2.6 %

NYSEAMERICAN SOAR traded up $0.04 during trading on Friday, reaching $1.58. 26,772 shares of the company’s stock were exchanged, compared to its average volume of 182,861. Volato Group has a fifty-two week low of $1.40 and a fifty-two week high of $112.50. The stock has a fifty day moving average price of $4.49.

Volato Group Company Profile

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.