Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Grows By 34.1%

Jet.AI Inc. (NASDAQ:JTAI) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 191,600 shares, an increase of 34.1% from the January 31st total of 142,900 shares. Currently, 15.2% of the company’s shares are sold short. Based on an average daily trading volume, of 5,470,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Jet.AI

An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC purchased a new position in Jet.AI Inc. (NASDAQ:JTAI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned 1.52% of Jet.AI as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Jet.AI Price Performance

Jet.AI stock opened at $5.84 on Thursday. The stock has a market cap of $4.56 million, a price-to-earnings ratio of -0.03 and a beta of -0.07. Jet.AI has a 1 year low of $2.30 and a 1 year high of $315.00. The firm has a 50-day moving average of $4.38 and a two-hundred day moving average of $13.35.

Jet.AI Company Profile

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.