Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Significant Increase in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 11,010,111 shares, a growth of 70.5% from the September 15th total of 6,455,657 shares. Based on an average daily volume of 118,514,855 shares, the days-to-cover ratio is presently 0.1 days. Currently, 27.5% of the company’s stock are sold short.

Volato Group Stock Performance

Shares of SOAR traded down $0.00 during trading on Friday, reaching $0.23. The company’s stock had a trading volume of 2,942,090 shares, compared to its average volume of 75,204,696. The company has a fifty day moving average of $0.22 and a two-hundred day moving average of $0.20. Volato Group has a twelve month low of $0.10 and a twelve month high of $2.90.

Volato Group (NYSEAMERICAN:SOAR) last released its earnings results on Friday, August 14th. The company reported ($0.06) EPS for the quarter. Volato Group had a negative net margin of 11.82% and a negative return on equity of 525.19%. The business had revenue of $0.97 million for the quarter.

About Volato Group

Volato Group, Inc is a private aviation company that provides access to business aircraft through fractional ownership, charter services and related aviation programs. The company’s offerings are designed to give individuals and businesses access to private jet travel without requiring them to purchase and operate an entire aircraft.

Volato has focused primarily on HondaJet aircraft and offers fractional ownership interests, jet card programs and on-demand charter services. It also provides aircraft management and other operational support services for aircraft owners, including scheduling, maintenance coordination and flight operations.

The company was founded in 2021 and is headquartered in Atlanta, Georgia.