Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Declines By 37.4%

Volato Group, Inc. (NYSEAMERICAN:SOAR - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 74,600 shares, a decline of 37.4% from the February 28th total of 119,100 shares. Based on an average trading volume of 270,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 6.0% of the company's stock are sold short.

Volato Group Price Performance

Volato Group stock traded down $0.01 during midday trading on Wednesday, hitting $1.63. 41,665 shares of the stock were exchanged, compared to its average volume of 263,273. Volato Group has a 1 year low of $1.31 and a 1 year high of $90.00. The company has a 50 day simple moving average of $3.36.

Institutional Trading of Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC purchased a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 105,157 shares of the company's stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.23% of Volato Group at the end of the most recent 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.