Volato Group, Inc. (NYSEAMERICAN:SOAR - Get Free Report) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 119,100 shares, a growth of 114.6% from the February 13th total of 55,500 shares. Currently, 9.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 196,600 shares, the short-interest ratio is currently 0.6 days.
Insider Activity
In other Volato Group news, insider Nicholas James Cooper sold 18,360 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $6.50, for a total value of $119,340.00. Following the transaction, the insider now owns 134,142 shares in the company, valued at approximately $871,923. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 29.16% of the company's stock.
Institutional Trading of Volato Group
An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC bought a new stake in Volato Group, Inc. (NYSEAMERICAN:SOAR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 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 reporting period.
Volato Group Trading Up 1.2 %
Shares of NYSEAMERICAN:SOAR traded up $0.02 during midday trading on Tuesday, reaching $1.72. 205,235 shares of the company's stock were exchanged, compared to its average volume of 261,737. The stock has a 50 day moving average price of $4.31. Volato Group has a fifty-two week low of $1.40 and a fifty-two week high of $103.17.
Volato Group Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Volato Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Volato Group wasn't on the list.
While Volato Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
