Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 93.3% in February

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 55,500 shares, a decrease of 93.3% from the January 31st total of 829,700 shares. Approximately 6.9% of the shares of the stock are short sold. Based on an average trading volume of 368,100 shares, the short-interest ratio is presently 0.2 days.

Volato Group Stock Performance

SOAR stock traded down $0.03 during midday trading on Friday, reaching $2.21. 45,900 shares of the company traded hands, compared to its average volume of 213,677. Volato Group has a 52-week low of $2.00 and a 52-week high of $112.50.

Insider Transactions at Volato Group

In related news, insider Nicholas James Cooper sold 18,360 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $6.50, for a total transaction of $119,340.00. Following the completion of the transaction, the insider now directly owns 134,142 shares of the company’s stock, valued at approximately $871,923. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 29.16% of the company’s stock.

Institutional Investors Weigh In On Volato Group

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

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.