Jet.AI Inc. (NASDAQ:JTAI) Sees Significant Increase in Short Interest

Jet.AI Inc. (NASDAQ:JTAI) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 7,448,554 shares, an increase of 141.4% from the January 29th total of 3,085,617 shares. Currently, 19.7% of the company’s stock are sold short. Based on an average daily volume of 84,999,542 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 84,999,542 shares, the short-interest ratio is currently 0.1 days. Currently, 19.7% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jet.AI in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Jet.AI Trading Down 3.3%

Shares of NASDAQ JTAI opened at $0.11 on Friday. The company has a 50 day simple moving average of $0.37 and a two-hundred day simple moving average of $1.82. The stock has a market cap of $4.24 million, a price-to-earnings ratio of -0.03 and a beta of -0.18. Jet.AI has a 12 month low of $0.09 and a 12 month high of $7.51.

About Jet.AI

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.