Volato Group, Inc. (NYSEAMERICAN:SOAR) Shares Shorted: Short Interest Up 70.5% in September

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,010,111 shares, an increase of 70.5% from the September 15th total of 6,455,657 shares. Based on an average daily trading volume, of 118,514,855 shares, the days-to-cover ratio is currently 0.1 days. Currently, 27.5% of the company’s stock are short sold.

Volato Group Trading Down 3.6%

Shares of SOAR traded down $0.01 on Thursday, reaching $0.23. The company’s stock had a trading volume of 3,903,936 shares, compared to its average volume of 25,734,900. The firm has a fifty day moving average of $0.22 and a 200-day moving average of $0.20. Volato Group has a twelve month low of $0.10 and a twelve month high of $3.44.

Volato Group (NYSEAMERICAN:SOAR) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.97 million for the quarter. Volato Group had a negative net margin of 11.82% and a negative return on equity of 525.19%.

Volato Group Company Profile

Volato Group, Inc is a private aviation company that provides access to business aircraft through fractional ownership, charter services and related aviation programs. The company’s offerings are designed to give individuals and businesses access to private jet travel without requiring them to purchase and operate an entire aircraft.

Volato has focused primarily on HondaJet aircraft and offers fractional ownership interests, jet card programs and on-demand charter services. It also provides aircraft management and other operational support services for aircraft owners, including scheduling, maintenance coordination and flight operations.

The company was founded in 2021 and is headquartered in Atlanta, Georgia.