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

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 212,625 shares, a decrease of 57.9% from the January 29th total of 505,348 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 8,829,190 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 8,829,190 shares, the short-interest ratio is presently 0.0 days. Currently, 3.8% of the company’s stock are short sold.

Volato Group Stock Performance

Shares of SOAR traded down $0.01 during midday trading on Friday, hitting $0.30. The stock had a trading volume of 343,978 shares, compared to its average volume of 4,727,718. The company has a 50 day simple moving average of $0.57 and a two-hundred day simple moving average of $1.27. Volato Group has a twelve month low of $0.28 and a twelve month high of $4.36.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC raised its holdings in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,870 shares of the company’s stock after buying an additional 36,905 shares during the period. Geode Capital Management LLC owned 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.