Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 1,194.8% in June

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,099,845 shares, a growth of 1,194.8% from the June 15th total of 548,344 shares. Based on an average daily trading volume, of 23,156,471 shares, the short-interest ratio is currently 0.3 days. Currently, 22.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Volato Group stock. Geode Capital Management LLC boosted its position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,870 shares of the company’s stock after buying 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 Price Performance

SOAR traded down $0.01 on Friday, hitting $0.15. 1,187,042 shares of the company’s stock were exchanged, compared to its average volume of 13,409,391. The stock has a fifty day moving average of $0.19 and a two-hundred day moving average of $0.35. Volato Group has a twelve month low of $0.10 and a twelve month high of $4.36.

Volato Group (NYSEAMERICAN:SOAR) last posted its earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter. The company had revenue of $1.00 million for the quarter. Volato Group had a net margin of 3.85% and a negative return on equity of 16.55%.

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.