Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Drops By 51.2%

Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 1,132,743 shares, a drop of 51.2% from the May 14th total of 2,319,315 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average trading volume of 3,529,388 shares, the days-to-cover ratio is currently 0.3 days.

Volato Group Price Performance

NYSEAMERICAN SOAR traded down $0.00 during trading on Friday, hitting $0.20. The company’s stock had a trading volume of 2,774,062 shares, compared to its average volume of 51,634,928. The business’s 50 day simple moving average is $0.22 and its 200-day simple moving average is $0.49. Volato Group has a fifty-two week low of $0.12 and a fifty-two week high of $4.36.

Get Volato Group alerts:

Volato Group (NYSEAMERICAN:SOAR – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 3.85%.The business had revenue of $1.00 million during 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 position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,870 shares of the company’s stock after purchasing 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 SEC filing.

About Volato Group

(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.

Read More

• Five stocks we like better than Volato Group
• 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
• What to Expect From Q2 Earnings as Tech Strength Broadens
• Viasat’s Orbiting Profits: Space Force Jackpot?
• Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters

Receive News & Ratings for Volato Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volato Group and related companies with MarketBeat.com's FREE daily email newsletter.