Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 68.4% in July

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,241,361 shares, a decline of 68.4% from the June 30th total of 7,099,845 shares. Currently, 7.1% of the shares of the company are sold short. Based on an average daily volume of 3,479,158 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC increased its holdings in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,870 shares of the company’s stock after buying an additional 36,905 shares during the period. Geode Capital Management LLC owned 0.64% of Volato Group worth $31,000 as of its most recent SEC filing.

Volato Group Trading Down 1.5%

Volato Group stock opened at $0.13 on Friday. Volato Group has a 12 month low of $0.10 and a 12 month high of $4.36. The business’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.30.

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

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.