Volato Group, Inc. (NYSEAMERICAN:SOAR) Stock Short Interest Report for October

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,263,456 shares, a decrease of 61.3% from the September 30th total of 11,010,111 shares. Based on an average daily trading volume, of 19,579,652 shares, the short-interest ratio is currently 0.2 days. Currently, 10.7% of the shares of the company are sold short.

Volato Group Trading Up 5.6%

NYSEAMERICAN SOAR opened at $0.24 on Thursday. Volato Group has a 1-year low of $0.10 and a 1-year high of $1.84. The company has a 50 day moving average of $0.23 and a 200-day moving average of $0.26.

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

Volato Group Company Profile

Volato Group Inc is a private aviation company that provides aircraft charter and ownership solutions for individuals and businesses. Its offerings include aircraft fractional ownership, jet card programs, managed aircraft services and on-demand charter flights.

The company has focused on operating and managing a fleet of private aircraft, including HondaJet light jets, while using technology and operational services to support booking, scheduling and aircraft utilization. Volato serves customers seeking private air travel in the United States and may also arrange flights to international destinations through its charter network.

Volato was founded in 2021 and became a publicly traded company following its business combination with PROOF Acquisition Company I.