Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 108.4% in December

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 874,559 shares, an increase of 108.4% from the December 15th total of 419,721 shares. Approximately 15.8% of the company’s stock are sold short. Based on an average daily volume of 3,649,104 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 3,649,104 shares, the short-interest ratio is currently 0.2 days. Approximately 15.8% of the company’s stock are sold short.

Volato Group Stock Performance

Volato Group stock traded down $0.07 on Friday, hitting $0.54. 739,559 shares of the stock traded hands, compared to its average volume of 915,314. Volato Group has a 1 year low of $0.53 and a 1 year high of $6.48. The business’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $1.49.

Volato Group (NYSEAMERICAN:SOAR) last released its earnings results on Thursday, November 13th. The company reported $0.45 earnings per share for the quarter. The business had revenue of $0.38 million during the quarter.

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.