Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Large Drop in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,132,743 shares, a drop of 51.2% from the May 14th total of 2,319,315 shares. Approximately 4.9% of the shares of the company are sold short. Based on an average trading volume of 3,529,388 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC raised its stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,870 shares of the company’s stock after purchasing an additional 36,905 shares during the quarter. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 at the end of the most recent quarter.

Volato Group Trading Down 1.7%

SOAR stock opened at $0.20 on Friday. Volato Group has a 12 month low of $0.12 and a 12 month high of $4.36. The company has a fifty day moving average price of $0.22 and a 200 day moving average price of $0.50.

Volato Group (NYSEAMERICAN:SOAR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 3.85%.The business had revenue of $1.00 million during the quarter.

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.