Jet.AI Inc. (NASDAQ:JTAI) Sees Large Growth in Short Interest

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 242,595 shares, an increase of 70.3% from the August 31st total of 142,472 shares. Based on an average daily trading volume, of 103,842 shares, the short-interest ratio is currently 2.3 days. Approximately 17.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Jet.AI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, September 17th. Wall Street Zen upgraded shares of Jet.AI to a “hold” rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jet.AI currently has a consensus rating of “Sell”.

Jet.AI Stock Performance

NASDAQ:JTAI traded down $0.03 during trading hours on Thursday, reaching $1.52. The stock had a trading volume of 30,639 shares, compared to its average volume of 541,414. Jet.AI has a 52 week low of $1.20 and a 52 week high of $692.00. The company has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $6.26. The stock has a market capitalization of $2.16 million, a PE ratio of 0.00 and a beta of -0.33.

Jet.AI (NASDAQ:JTAI) last announced its earnings results on Friday, August 14th. The company reported ($1.72) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.53). The firm had revenue of $5.32 million during the quarter, compared to analysts’ expectations of $1.10 million. Jet.AI had a net margin of 49.49% and a negative return on equity of 34.68%.

About Jet.AI

Jet.AI Inc is a technology and private aviation company that develops software and provides aircraft services for private jet travel. Its business combines artificial intelligence tools with on-demand charter, aircraft management and aviation operations.

The company’s software platform includes CharterGPT, an AI-enabled interface designed to help users search for and book private jet flights using natural-language requests. Jet.AI also provides tools intended to support charter operators, brokers and other aviation businesses with flight planning, quoting and customer-management activities.

Through its aviation operations, Jet.AI offers private aircraft charter and related services, including aircraft management and brokerage.