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

Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 548,344 shares, a drop of 51.6% from the May 31st total of 1,132,743 shares. Based on an average daily trading volume, of 91,444,406 shares, the short-interest ratio is currently 0.0 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its holdings in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% during the 4th quarter, according to its most recent 13F 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 filing with the SEC.

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Volato Group Stock Down 5.8%

NYSEAMERICAN SOAR traded down $0.01 during trading on Tuesday, reaching $0.17. 8,016,897 shares of the company’s stock were exchanged, compared to its average volume of 14,441,538. The company has a 50 day moving average price of $0.20 and a two-hundred day moving average price of $0.40. Volato Group has a 1 year low of $0.12 and a 1 year high of $4.36.

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

Volato Group Company Profile

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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.

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