Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 119,100 shares, an increase of 114.6% from the February 13th total of 55,500 shares. Based on an average daily volume of 196,600 shares, the days-to-cover ratio is presently 0.6 days. Approximately 9.5% of the company’s stock are sold short.
Volato Group Price Performance
NYSEAMERICAN SOAR traded up $0.04 during midday trading on Friday, hitting $1.58. The company had a trading volume of 26,772 shares, compared to its average volume of 182,861. The business has a 50-day moving average of $4.49. Volato Group has a twelve month low of $1.40 and a twelve month high of $112.50.
Insider Buying and Selling at Volato Group
In related news, insider Nicholas James Cooper sold 18,360 shares of Volato Group stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.50, for a total transaction of $119,340.00. Following the completion of the sale, the insider now directly owns 134,142 shares of the company’s stock, valued at approximately $871,923. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 29.16% of the company’s stock.
Hedge Funds Weigh In On Volato Group
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.
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