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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 974,400 shares, a decrease of 31.9% from the August 15th total of 1,430,000 shares. Approximately 6.3% of the company’s stock are sold short. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 0.5 days.

Volato Group Stock Down 12.5 %

Shares of NYSEAMERICAN:SOAR traded down $0.06 on Monday, hitting $0.42. 71,665 shares of the company’s stock were exchanged, compared to its average volume of 690,283. Volato Group has a 1-year low of $0.33 and a 1-year high of $35.00.

Volato Group (NYSEAMERICAN:SOAR) last announced its earnings results on Wednesday, August 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. The company had revenue of $15.13 million during the quarter.

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.