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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 548,344 shares, a decrease of 51.6% from the May 31st total of 1,132,743 shares. Based on an average daily volume of 91,444,406 shares, the short-interest ratio is presently 0.0 days. Approximately 2.2% of the company’s shares are sold short.

Volato Group Price Performance

Shares of SOAR stock traded down $0.01 on Tuesday, hitting $0.17. The stock had a trading volume of 8,016,897 shares, compared to its average volume of 14,441,538. The company’s 50 day moving average price is $0.20 and its 200-day moving average price is $0.40. Volato Group has a 1 year low of $0.12 and a 1 year high of $4.36.

Volato Group (NYSEAMERICAN:SOAR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (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%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its stake 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 (SEC). The firm owned 47,870 shares of the company’s stock after purchasing an additional 36,905 shares during the quarter. Geode Capital Management LLC owned approximately 0.64% of Volato Group worth $31,000 as of its most recent SEC filing.

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.