Volato Group, Inc. (NYSEAMERICAN:SOAR) Shares Shorted: Short Interest Up 70.5% in September

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 11,010,111 shares, a growth of 70.5% from the September 15th total of 6,455,657 shares. Approximately 27.5% of the company’s stock are short sold. Based on an average trading volume of 118,514,855 shares, the days-to-cover ratio is presently 0.1 days.

Volato Group Stock Performance

Shares of Volato Group stock traded down $0.01 during trading on Thursday, reaching $0.23. The stock had a trading volume of 3,903,936 shares, compared to its average volume of 25,734,900. The stock has a fifty day moving average price of $0.22 and a two-hundred day moving average price of $0.20. Volato Group has a 52 week low of $0.10 and a 52 week high of $3.44.

Volato Group (NYSEAMERICAN:SOAR) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.97 million during the quarter. Volato Group had a negative return on equity of 525.19% and a negative net margin of 11.82%.

About Volato Group

Volato Group, Inc is a private aviation company that provides access to business aircraft through fractional ownership, charter services and related aviation programs. The company’s offerings are designed to give individuals and businesses access to private jet travel without requiring them to purchase and operate an entire aircraft.

Volato has focused primarily on HondaJet aircraft and offers fractional ownership interests, jet card programs and on-demand charter services. It also provides aircraft management and other operational support services for aircraft owners, including scheduling, maintenance coordination and flight operations.

The company was founded in 2021 and is headquartered in Atlanta, Georgia.