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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 74,600 shares, a decline of 37.4% from the February 28th total of 119,100 shares. Based on an average trading volume of 270,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 6.0% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, insider Nicholas James Cooper sold 18,360 shares of Volato Group stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.50, for a total transaction of $119,340.00. Following the sale, the insider now owns 134,142 shares of the company’s stock, valued at approximately $871,923. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 29.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC bought a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.23% of Volato Group at the end of the most recent quarter.

Volato Group Price Performance

SOAR stock traded down $0.10 during mid-day trading on Friday, reaching $1.74. The company had a trading volume of 35,054 shares, compared to its average volume of 263,767. Volato Group has a fifty-two week low of $1.40 and a fifty-two week high of $90.00. The company has a fifty day moving average of $3.58.

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.