Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 222,600 shares, a decline of 39.2% from the February 28th total of 366,000 shares. Based on an average daily volume of 5,210,000 shares, the short-interest ratio is presently 0.0 days. Approximately 10.5% of the company’s stock are sold short.
Jet.AI Trading Down 8.0 %
NASDAQ:JTAI traded down $0.36 on Friday, reaching $4.13. 102,496 shares of the stock traded hands, compared to its average volume of 1,510,876. The company’s fifty day simple moving average is $4.53 and its 200 day simple moving average is $9.34. Jet.AI has a 12 month low of $2.30 and a 12 month high of $217.71. The company has a market capitalization of $3.23 million, a price-to-earnings ratio of -0.02 and a beta of -0.50.
Institutional Trading of Jet.AI
A hedge fund recently bought a new stake in Jet.AI stock. Virtu Financial LLC acquired a new position in Jet.AI Inc. (NASDAQ:JTAI – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned about 1.52% of Jet.AI at the end of the most recent quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.
Jet.AI Company Profile
Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.
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