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

by · The Markets Daily

Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,099,845 shares, an increase of 1,194.8% from the June 15th total of 548,344 shares. Currently, 22.6% of the shares of the stock are short sold. Based on an average daily volume of 23,156,471 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its holdings in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR – Free Report) by 336.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,870 shares of the company’s stock after acquiring an additional 36,905 shares during the period. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 at the end of the most recent reporting period.

Volato Group Stock Down 3.2%

SOAR traded down $0.01 during trading on Friday, reaching $0.15. 1,187,042 shares of the stock were exchanged, compared to its average volume of 13,409,391. Volato Group has a 1 year low of $0.10 and a 1 year high of $4.36. The business’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.35.

Volato Group (NYSEAMERICAN:SOAR – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $1.00 million during the quarter. Volato Group had a net margin of 3.85% and a negative return on equity of 16.55%.

Volato Group Company Profile

(Get Free Report)

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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