Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Drops By 37.4%

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 74,600 shares, a decline of 37.4% from the February 28th total of 119,100 shares. Approximately 6.0% of the company’s shares are sold short. Based on an average trading volume of 270,200 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC bought a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.23% of Volato Group as of its most recent SEC filing.

Volato Group Stock Down 0.6 %

Volato Group stock traded down $0.01 during mid-day trading on Monday, reaching $1.73. 25,959 shares of the company were exchanged, compared to its average volume of 262,832. Volato Group has a 12-month low of $1.40 and a 12-month high of $90.00. The firm’s fifty day moving average is $3.58.

Volato Group Company Profile

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.