Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Large Growth in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 505,348 shares, an increase of 32.5% from the January 15th total of 381,400 shares. Based on an average daily volume of 2,207,835 shares, the days-to-cover ratio is currently 0.2 days. Currently, 9.1% of the company’s stock are sold short. Currently, 9.1% of the company’s stock are sold short. Based on an average daily volume of 2,207,835 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC lifted its position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 Trading Down 9.8%

Volato Group stock opened at $0.35 on Wednesday. Volato Group has a 52 week low of $0.34 and a 52 week high of $6.48. The stock has a 50 day moving average of $0.70 and a 200-day moving average of $1.33.

About Volato Group

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.