Jet.AI Inc. (NASDAQ:JTAI) Short Interest Update

Jet.AI Inc. (NASDAQ:JTAI) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 268,900 shares, an increase of 20.8% from the March 15th total of 222,600 shares. Approximately 12.7% of the company’s shares are short sold. Based on an average trading volume of 4,630,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Jet.AI

A hedge fund recently bought a new stake in Jet.AI stock. Virtu Financial LLC acquired a new stake in Jet.AI Inc. (NASDAQ:JTAI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned approximately 1.52% of Jet.AI at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Jet.AI Stock Up 0.5 %

JTAI stock opened at $3.88 on Monday. Jet.AI has a twelve month low of $2.30 and a twelve month high of $175.50. The stock has a market capitalization of $5.05 million, a price-to-earnings ratio of -0.02 and a beta of -0.26. The firm’s fifty day simple moving average is $4.93 and its two-hundred day simple moving average is $7.01.

Jet.AI Company Profile

Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.