Jet.AI Inc. (NASDAQ:JTAI) Short Interest Update

Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 242,595 shares, an increase of 70.3% from the August 31st total of 142,472 shares. Approximately 17.2% of the shares of the company are short sold. Based on an average daily trading volume, of 103,842 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Jet.AI to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded Jet.AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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Jet.AI Stock Down 1.3%

Shares of JTAI stock traded down $0.02 during trading hours on Wednesday, hitting $1.54. 5,844 shares of the company’s stock were exchanged, compared to its average volume of 543,998. The firm has a market cap of $2.19 million, a P/E ratio of 0.00 and a beta of -0.33. The firm has a 50 day moving average of $1.63 and a two-hundred day moving average of $6.39. Jet.AI has a fifty-two week low of $1.20 and a fifty-two week high of $692.00.

Jet.AI (NASDAQ:JTAI – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($1.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.53). The company had revenue of $5.32 million during the quarter, compared to analyst estimates of $1.10 million. Jet.AI had a net margin of 49.49% and a negative return on equity of 34.68%.

About Jet.AI

(Get Free Report)

Jet.AI Inc is a technology and private aviation company that develops software and provides aircraft services for private jet travel. Its business combines artificial intelligence tools with on-demand charter, aircraft management and aviation operations.

The company’s software platform includes CharterGPT, an AI-enabled interface designed to help users search for and book private jet flights using natural-language requests. Jet.AI also provides tools intended to support charter operators, brokers and other aviation businesses with flight planning, quoting and customer-management activities.

Through its aviation operations, Jet.AI offers private aircraft charter and related services, including aircraft management and brokerage.

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