Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 51.6% in June

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 548,344 shares, a decrease of 51.6% from the May 31st total of 1,132,743 shares. Based on an average daily trading volume, of 91,444,406 shares, the short-interest ratio is presently 0.0 days. Approximately 2.2% of the company’s stock are short sold.

Volato Group Stock Up 8.5%

Shares of NYSEAMERICAN:SOAR opened at $0.18 on Thursday. Volato Group has a fifty-two week low of $0.12 and a fifty-two week high of $4.36. The firm’s 50 day moving average price is $0.20 and its 200 day moving average price is $0.39.

Volato Group (NYSEAMERICAN:SOAR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter. Volato Group had a negative return on equity of 16.55% and a net margin of 3.85%.The firm had revenue of $1.00 million for the quarter.

Hedge Funds Weigh In On Volato Group

A hedge fund recently raised its stake in Volato Group stock. Geode Capital Management LLC boosted its holdings in Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,870 shares of the company’s stock after buying 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 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.