Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Update

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,099,845 shares, an increase of 1,194.8% from the June 15th total of 548,344 shares. Approximately 22.6% of the shares of the company are sold short. Based on an average daily volume of 23,156,471 shares, the short-interest ratio is presently 0.3 days.

Volato Group Stock Performance

SOAR stock traded down $0.01 during trading on Friday, hitting $0.15. The company had a trading volume of 1,187,042 shares, compared to its average volume of 13,409,391. The firm has a 50-day moving average price of $0.19 and a 200-day moving average price of $0.35. Volato Group has a 1-year low of $0.10 and a 1-year high of $4.36.

Volato Group (NYSEAMERICAN:SOAR) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. Volato Group had a net margin of 3.85% and a negative return on equity of 16.55%. The company had revenue of $1.00 million during the quarter.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC lifted its holdings in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,870 shares of the company’s stock after buying an additional 36,905 shares during the period. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 at the end of the most recent reporting period.

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.