Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Grows By 34.1%

Jet.AI Inc. (NASDAQ:JTAI) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 191,600 shares, a growth of 34.1% from the January 31st total of 142,900 shares. Based on an average daily volume of 5,470,000 shares, the short-interest ratio is presently 0.0 days. Approximately 15.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Jet.AI

An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC purchased a new stake in shares of Jet.AI Inc. (NASDAQ:JTAI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned about 1.52% of Jet.AI at the end of the most recent quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Jet.AI Trading Up 3.7 %

Shares of NASDAQ:JTAI opened at $5.84 on Thursday. The company has a market capitalization of $4.56 million, a price-to-earnings ratio of -0.03 and a beta of -0.07. Jet.AI has a 12 month low of $2.30 and a 12 month high of $315.00. The firm’s 50-day moving average is $4.38 and its 200 day moving average is $13.35.

Jet.AI Company Profile

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.