Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Update

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large growth in short interest in 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 volume of 23,156,471 shares, the days-to-cover ratio is currently 0.3 days. Approximately 22.6% of the company’s stock are sold short.

Volato Group Stock Performance

Shares of SOAR stock traded down $0.01 on Friday, reaching $0.15. 1,187,042 shares of the stock were exchanged, compared to its average volume of 13,409,391. The business’s 50 day moving average price is $0.19 and its 200 day moving average price is $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 released its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) EPS for the quarter. The business 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%.

Hedge Funds Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC lifted its position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,870 shares of the company’s stock after purchasing 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.

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.