Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 138.0% in August

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,824,074 shares, an increase of 138.0% from the August 15th total of 2,447,580 shares. Based on an average daily volume of 89,846,655 shares, the short-interest ratio is presently 0.1 days. Currently, 14.6% of the shares of the company are sold short.

Volato Group Price Performance

NYSEAMERICAN:SOAR traded down $0.02 during mid-day trading on Tuesday, hitting $0.20. The company’s stock had a trading volume of 12,154,528 shares, compared to its average volume of 20,299,178. The business’s fifty day moving average is $0.17 and its two-hundred day moving average is $0.21. Volato Group has a 1 year low of $0.10 and a 1 year high of $4.36.

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

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.