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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw 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. Currently, 24.9% of the company’s stock are short sold. Based on an average daily trading volume, of 16,413,653 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its position in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the fourth 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 purchasing an additional 36,905 shares during the quarter. Geode Capital Management LLC owned approximately 0.64% of Volato Group worth $31,000 at the end of the most recent reporting period.

Volato Group Stock Up 1.4%

NYSEAMERICAN SOAR traded up $0.00 during midday trading on Friday, hitting $0.23. 1,824,773 shares of the company traded hands, compared to its average volume of 9,858,564. The company’s 50-day simple moving average is $0.29 and its 200-day simple moving average is $0.90. Volato Group has a 52 week low of $0.19 and a 52 week high of $4.36.

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

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.