Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Drops By 57.9%

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 212,625 shares, a decline of 57.9% from the January 29th total of 505,348 shares. Based on an average daily volume of 8,829,190 shares, the short-interest ratio is currently 0.0 days. Currently, 3.8% of the shares of the company are short sold. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 8,829,190 shares, the short-interest ratio is currently 0.0 days.

Volato Group Stock Performance

Shares of SOAR stock traded down $0.01 during midday trading on Friday, hitting $0.30. 343,978 shares of the company were exchanged, compared to its average volume of 4,692,685. The firm’s 50 day moving average price is $0.57 and its two-hundred day moving average price is $1.27. Volato Group has a 52 week low of $0.28 and a 52 week high of $4.36.

Hedge Funds Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC grew its holdings in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 47,870 shares of the company’s stock after purchasing an additional 36,905 shares during the period. Geode Capital Management LLC owned approximately 0.64% of Volato Group worth $31,000 as of its most recent SEC filing.

About Volato Group

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.