Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Significant Decline in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,241,361 shares, a decrease of 68.4% from the June 30th total of 7,099,845 shares. Currently, 7.1% of the shares of the stock are sold short. Based on an average trading volume of 3,479,158 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its stake in Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 47,870 shares of the company’s stock after acquiring an additional 36,905 shares during the quarter. Geode Capital Management LLC owned 0.64% of Volato Group worth $31,000 as of its most recent filing with the SEC.

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Volato Group Price Performance

Shares of NYSEAMERICAN:SOAR traded up $0.01 during trading on Monday, reaching $0.14. 898,153 shares of the company’s stock traded hands, compared to its average volume of 9,207,680. Volato Group has a fifty-two week low of $0.10 and a fifty-two week high of $4.36. The company has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.29.

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

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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