Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Grows By 32.5%

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 505,348 shares, a growth of 32.5% from the January 15th total of 381,400 shares. Currently, 9.1% of the company’s stock are sold short. Based on an average trading volume of 2,207,835 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 2,207,835 shares, the short-interest ratio is presently 0.2 days. Currently, 9.1% of the company’s stock are sold short.

Volato Group Price Performance

Shares of NYSEAMERICAN SOAR opened at $0.39 on Monday. The stock has a 50 day moving average price of $0.74 and a 200 day moving average price of $1.35. Volato Group has a 52 week low of $0.37 and a 52 week high of $6.48.

Volato Group (NYSEAMERICAN:SOAR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.45 earnings per share for the quarter. The company had revenue of $0.38 million for the quarter.

Institutional Investors Weigh In On Volato Group

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

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.