Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 347.2% in September

Jet.AI Inc. (NASDAQ:JTAI) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 843,400 shares, a growth of 347.2% from the August 31st total of 188,600 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 6.4% of the company’s shares are short sold.

Jet.AI Price Performance

NASDAQ JTAI remained flat at $0.10 on Friday. 1,193,160 shares of the company traded hands, compared to its average volume of 1,563,949. Jet.AI has a fifty-two week low of $0.08 and a fifty-two week high of $4.47. The stock’s 50 day moving average is $0.20 and its two-hundred day moving average is $0.49.

Jet.AI (NASDAQ:JTAI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) EPS for the quarter. The firm had revenue of $3.08 million during the quarter.

About Jet.AI

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.