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

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 5,824,074 shares, a growth of 138.0% from the August 15th total of 2,447,580 shares. Currently, 14.6% of the shares of the stock are short sold. Based on an average daily volume of 89,846,655 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC grew its stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Volato Group Stock Performance

SOAR opened at $0.19 on Monday. The stock’s 50 day simple moving average is $0.17 and its 200 day simple moving average is $0.21. Volato Group has a 1 year low of $0.10 and a 1 year high of $4.36.

Volato Group (NYSEAMERICAN:SOAR) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.06) earnings per share for the quarter. Volato Group had a negative net margin of 11.82% and a negative return on equity of 525.19%. The firm had revenue of $0.97 million during 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.