Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Update

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 548,344 shares, a decrease of 51.6% from the May 31st total of 1,132,743 shares. Based on an average trading volume of 91,444,406 shares, the short-interest ratio is presently 0.0 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC grew its holdings in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,870 shares of the company’s stock after acquiring an additional 36,905 shares during the quarter. 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

SOAR traded up $0.01 during trading on Wednesday, hitting $0.18. The stock had a trading volume of 6,967,416 shares, compared to its average volume of 22,598,422. The stock has a 50 day simple moving average of $0.20 and a two-hundred day simple moving average of $0.40. Volato Group has a twelve month low of $0.12 and a twelve month high of $4.36.

Volato Group (NYSEAMERICAN:SOAR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 3.85%.The business had revenue of $1.00 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.