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

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 827,999 shares, an increase of 245.7% from the February 26th total of 239,547 shares. Based on an average daily trading volume, of 9,425,068 shares, the days-to-cover ratio is currently 0.1 days. Currently, 6.8% of the shares of the company are short sold.

Institutional Trading of Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC increased its holdings in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,870 shares of the company’s stock after acquiring 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.

Volato Group Stock Performance

Shares of SOAR stock opened at $0.29 on Friday. Volato Group has a 52-week low of $0.27 and a 52-week high of $4.36. The stock’s 50-day moving average price is $0.40 and its 200 day moving average price is $1.11.

Volato Group (NYSEAMERICAN:SOAR) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.96 earnings per share for the quarter. The firm had revenue of $27.84 million during the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 6.58%.

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.