Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Expands By 65.5%

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 123,500 shares, an increase of 65.5% from the March 15th total of 74,600 shares. Approximately 9.6% of the company’s stock are sold short. Based on an average daily volume of 250,600 shares, the days-to-cover ratio is presently 0.5 days.

Volato Group Stock Up 3.0 %

Volato Group stock opened at $2.05 on Friday. The stock’s fifty day simple moving average is $2.42 and its 200-day simple moving average is $5.62. Volato Group has a twelve month low of $1.26 and a twelve month high of $60.00.

Institutional Investors Weigh In On Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC bought a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.23% of Volato Group as of its most recent SEC filing.

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.