Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Drops By 89.6%

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 257,600 shares, a drop of 89.6% from the July 31st total of 2,480,000 shares. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is presently 0.1 days.

Jet.AI Price Performance

Jet.AI stock remained flat at $0.19 during midday trading on Tuesday. The company had a trading volume of 1,357,945 shares, compared to its average volume of 1,593,684. The stock’s 50-day moving average price is $0.31 and its 200-day moving average price is $0.62. Jet.AI has a twelve month low of $0.18 and a twelve month high of $4.47.

Jet.AI Company Profile

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.