Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,010,111 shares, an increase of 70.5% from the September 15th total of 6,455,657 shares. Approximately 27.5% of the shares of the company are sold short. Based on an average trading volume of 118,514,855 shares, the days-to-cover ratio is currently 0.1 days.
Volato Group Price Performance
NYSEAMERICAN SOAR traded down $0.00 on Friday, reaching $0.23. 2,942,090 shares of the stock were exchanged, compared to its average volume of 25,627,170. Volato Group has a one year low of $0.10 and a one year high of $2.90. The company’s 50-day simple moving average is $0.22 and its two-hundred day simple moving average is $0.20.
Volato Group (NYSEAMERICAN:SOAR – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $0.97 million during the quarter. Volato Group had a negative return on equity of 525.19% and a negative net margin of 11.82%.
About Volato Group
Volato Group, Inc is a private aviation company that provides access to business aircraft through fractional ownership, charter services and related aviation programs. The company’s offerings are designed to give individuals and businesses access to private jet travel without requiring them to purchase and operate an entire aircraft.
Volato has focused primarily on HondaJet aircraft and offers fractional ownership interests, jet card programs and on-demand charter services. It also provides aircraft management and other operational support services for aircraft owners, including scheduling, maintenance coordination and flight operations.
The company was founded in 2021 and is headquartered in Atlanta, Georgia.
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