Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 68.4% in July

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,241,361 shares, a decrease of 68.4% from the June 30th total of 7,099,845 shares. Based on an average daily volume of 3,479,158 shares, the days-to-cover ratio is currently 0.6 days. Approximately 7.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Volato Group

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% during the 4th quarter, according to its most recent Form 13F 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 quarter. Geode Capital Management LLC owned 0.64% of Volato Group worth $31,000 at the end of the most recent reporting period.

Volato Group Stock Down 0.1%

Volato Group stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.14. The company’s stock had a trading volume of 568,519 shares, compared to its average volume of 12,846,938. Volato Group has a 12 month low of $0.10 and a 12 month high of $4.36. The business’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.29.

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

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.