Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 46.4% in October

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 10,860,000 shares, a growth of 46.4% from the October 15th total of 7,420,000 shares. Based on an average daily volume of 40,200,000 shares, the short-interest ratio is currently 0.3 days. Currently, 55.1% of the company’s shares are short sold.

Jet.AI Trading Down 7.8 %

Shares of NASDAQ JTAI traded down $0.45 during trading hours on Friday, reaching $5.35. The stock had a trading volume of 99,134 shares, compared to its average volume of 64,784. The firm has a market cap of $1.51 million, a price-to-earnings ratio of -0.02 and a beta of 0.33. The business’s fifty day moving average price is $19.55 and its two-hundred day moving average price is $68.90. Jet.AI has a 52-week low of $5.17 and a 52-week high of $1,005.75.

Jet.AI (NASDAQ:JTAI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($56.25) earnings per share (EPS) for the quarter. The company had revenue of $3.08 million during the quarter.

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.