Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 93.3% in February

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 55,500 shares, a drop of 93.3% from the January 31st total of 829,700 shares. Based on an average daily volume of 368,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 6.9% of the company’s stock are short sold.

Volato Group Trading Down 1.3 %

Volato Group stock traded down $0.03 during mid-day trading on Friday, reaching $2.21. 45,900 shares of the stock traded hands, compared to its average volume of 213,677. Volato Group has a 12-month low of $2.00 and a 12-month high of $112.50.

Insider Activity

In related news, insider Nicholas James Cooper sold 18,360 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.50, for a total transaction of $119,340.00. Following the completion of the transaction, the insider now owns 134,142 shares of the company’s stock, valued at $871,923. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.16% of the stock is currently owned by company insiders.

Institutional Trading of Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC purchased a new stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.23% of Volato Group as of its most recent filing with the Securities & Exchange Commission.

About Volato Group

Volato Group, Inc operates as a private aviation company. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, the company operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. Volato Group, Inc was founded in 2021 and is based in Chamblee, Georgia.