Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 138.0% in August

Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 5,824,074 shares, a growth of 138.0% from the August 15th total of 2,447,580 shares. Approximately 14.6% of the shares of the company are short sold. Based on an average daily volume of 89,846,655 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC boosted its stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% during the fourth quarter, according to the company in its most recent filing 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 0.64% of Volato Group worth $31,000 at the end of the most recent reporting period.

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Volato Group Stock Performance

Shares of Volato Group stock opened at $0.19 on Monday. Volato Group has a twelve month low of $0.10 and a twelve month high of $4.36. The business’s 50 day simple moving average is $0.17 and its 200-day simple moving average is $0.21.

Volato Group (NYSEAMERICAN:SOAR – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.97 million for the quarter. Volato Group had a negative return on equity of 525.19% and a negative net margin of 11.82%.

Volato Group Company Profile

(Get Free Report)

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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