Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Significant Growth in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 3,015,739 shares, an increase of 521.8% from the March 31st total of 484,976 shares. Based on an average daily volume of 16,413,653 shares, the short-interest ratio is presently 0.2 days. Currently, 24.9% of the company’s shares are sold short.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC grew its stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,870 shares of the company’s stock after acquiring 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.

Volato Group Price Performance

Shares of NYSEAMERICAN:SOAR traded up $0.00 during trading on Friday, hitting $0.23. The company had a trading volume of 1,824,773 shares, compared to its average volume of 9,858,564. The company has a fifty day simple moving average of $0.29 and a two-hundred day simple moving average of $0.90. Volato Group has a one year low of $0.19 and a one year high of $4.36.

Volato Group (NYSEAMERICAN:SOAR) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.96 earnings per share for the quarter. Volato Group had a net margin of 6.58% and a negative return on equity of 16.55%. The company had revenue of $27.84 million for the quarter.

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.