SOAR AI, Inc. (NYSEAMERICAN:SOAR – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 4,263,456 shares, a drop of 61.3% from the September 30th total of 11,010,111 shares. Currently, 10.7% of the company’s stock are sold short. Based on an average daily volume of 19,579,652 shares, the days-to-cover ratio is currently 0.2 days.
SOAR AI Stock Performance
Shares of SOAR traded down $0.00 during trading hours on Friday, hitting $0.23. 1,218,274 shares of the company were exchanged, compared to its average volume of 11,419,811. The firm’s 50 day moving average is $0.23 and its 200-day moving average is $0.26. SOAR AI has a 52 week low of $0.10 and a 52 week high of $1.75.
SOAR AI (NYSEAMERICAN:SOAR – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. SOAR AI had a negative return on equity of 525.19% and a negative net margin of 11.82%. The company had revenue of $0.97 million for the quarter.
SOAR AI Company Profile
Volato Group Inc is a private aviation company that provides aircraft charter and ownership solutions for individuals and businesses. Its offerings include aircraft fractional ownership, jet card programs, managed aircraft services and on-demand charter flights.
The company has focused on operating and managing a fleet of private aircraft, including HondaJet light jets, while using technology and operational services to support booking, scheduling and aircraft utilization. Volato serves customers seeking private air travel in the United States and may also arrange flights to international destinations through its charter network.
Volato was founded in 2021 and became a publicly traded company following its business combination with PROOF Acquisition Company I.
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