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

Jet.AI Inc. (NASDAQ:JTAI) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 508,600 shares, an increase of 45.1% from the June 30th total of 350,400 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average daily trading volume, of 220,400 shares, the days-to-cover ratio is currently 2.3 days.

Jet.AI Stock Performance

NASDAQ JTAI traded down $0.00 during trading hours on Monday, reaching $0.30. 152,782 shares of the company were exchanged, compared to its average volume of 1,121,674. Jet.AI has a 1 year low of $0.25 and a 1 year high of $17.50. The business’s 50 day simple moving average is $0.47 and its 200-day simple moving average is $0.73.

Jet.AI (NASDAQ:JTAI) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $3.85 million for the quarter.

About Jet.AI

Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.