Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Update
by Jessica Moore · The Cerbat GemVolato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 3,015,739 shares, an increase of 521.8% from the March 31st total of 484,976 shares. Approximately 24.9% of the shares of the stock are short sold. Based on an average trading volume of 16,413,653 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On Volato Group
An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC grew its position in Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,870 shares of the company’s stock after acquiring an additional 36,905 shares during the quarter. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 as of its most recent SEC filing.
Volato Group Stock Performance
NYSEAMERICAN:SOAR traded up $0.00 during trading hours on Friday, reaching $0.23. 1,824,773 shares of the company were exchanged, compared to its average volume of 9,858,564. Volato Group has a twelve month low of $0.19 and a twelve month high of $4.36. The stock’s 50-day moving average is $0.29 and its 200-day moving average is $0.89.
Volato Group (NYSEAMERICAN:SOAR – Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported $0.96 earnings per share (EPS) for the quarter. Volato Group had a net margin of 6.58% and a negative return on equity of 16.55%. The business had revenue of $27.84 million for the 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.