Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 34.1% in February

Jet.AI Inc. (NASDAQ:JTAI) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 191,600 shares, an increase of 34.1% from the January 31st total of 142,900 shares. Currently, 15.2% of the company’s shares are short sold. Based on an average daily volume of 5,470,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC bought a new position in shares of Jet.AI Inc. (NASDAQ:JTAI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned approximately 1.52% of Jet.AI as of its most recent SEC filing. Institutional investors own 5.51% of the company’s stock.

Jet.AI Stock Down 10.5 %

Shares of NASDAQ JTAI opened at $6.34 on Tuesday. The firm has a market cap of $4.95 million, a PE ratio of -0.03 and a beta of -0.07. Jet.AI has a 12-month low of $2.30 and a 12-month high of $315.00. The company’s fifty day simple moving average is $4.40 and its 200 day simple moving average is $13.72.

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.