Jet.AI Inc. (NASDAQ:JTAI) Sees Significant Increase in Short Interest

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,420,000 shares, an increase of 369.6% from the September 30th total of 1,580,000 shares. Currently, 69.4% of the company’s shares are sold short. Based on an average daily trading volume, of 33,570,000 shares, the days-to-cover ratio is presently 0.2 days.

Jet.AI Stock Down 16.4 %

Shares of JTAI traded down $0.01 during mid-day trading on Friday, hitting $0.07. 42,684,588 shares of the company’s stock traded hands, compared to its average volume of 11,554,454. The business’s 50-day moving average price is $0.13 and its 200-day moving average price is $0.38. Jet.AI has a 1 year low of $0.07 and a 1 year high of $4.47. The firm has a market capitalization of $4.36 million, a P/E ratio of -0.05 and a beta of 0.27.

Jet.AI (NASDAQ:JTAI) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $3.08 million for the quarter.

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.