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

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

Volato Group Stock Down 12.5 %

NYSEAMERICAN SOAR traded down $0.06 during mid-day trading on Monday, hitting $0.42. The stock had a trading volume of 71,665 shares, compared to its average volume of 690,283. Volato Group has a 52-week low of $0.33 and a 52-week high of $35.00.

Volato Group (NYSEAMERICAN:SOAR) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.49) earnings per share 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.