Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 245.7% in March

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 827,999 shares, an increase of 245.7% from the February 26th total of 239,547 shares. Approximately 6.8% of the company’s shares are sold short. Based on an average daily volume of 9,425,068 shares, the days-to-cover ratio is presently 0.1 days.

Volato Group Stock Up 4.4%

Shares of NYSEAMERICAN SOAR opened at $0.29 on Friday. Volato Group has a twelve month low of $0.27 and a twelve month high of $4.36. The stock has a fifty day simple moving average of $0.40 and a 200-day simple moving average of $1.11.

Volato Group (NYSEAMERICAN:SOAR) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.96 earnings per share (EPS) for the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 6.58%.The firm had revenue of $27.84 million for the quarter.

Institutional Inflows and Outflows

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

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.