Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Expands By 286.8%

Jet.AI Inc. (NASDAQ:JTAI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 662,760 shares, a growth of 286.8% from the December 15th total of 171,338 shares. Based on an average trading volume of 2,339,337 shares, the short-interest ratio is presently 0.3 days. Currently, 17.0% of the company’s shares are short sold. Currently, 17.0% of the company’s shares are short sold. Based on an average trading volume of 2,339,337 shares, the short-interest ratio is presently 0.3 days.

Jet.AI Stock Down 20.9%

Shares of JTAI stock traded down $0.10 on Tuesday, hitting $0.37. The stock had a trading volume of 6,284,308 shares, compared to its average volume of 44,396,051. Jet.AI has a one year low of $0.34 and a one year high of $11.77. The business has a 50 day moving average price of $1.39 and a 200 day moving average price of $2.61. The company has a market cap of $1.46 million, a PE ratio of -0.11 and a beta of -0.15.

Jet.AI (NASDAQ:JTAI) last posted its earnings results on Friday, November 14th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). Jet.AI had a negative net margin of 103.18% and a negative return on equity of 107.36%. The business had revenue of $1.71 million for the quarter, compared to analysts’ expectations of $2.10 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jet.AI in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.00.

Jet.AI Company Profile

Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.