Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 347.2% in September

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 843,400 shares, an increase of 347.2% from the August 31st total of 188,600 shares. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is currently 0.4 days. Approximately 6.4% of the shares of the stock are short sold.

Jet.AI Stock Performance

Jet.AI stock remained flat at $0.10 during midday trading on Friday. 1,193,160 shares of the company were exchanged, compared to its average volume of 1,563,949. Jet.AI has a twelve month low of $0.08 and a twelve month high of $4.47. The firm has a 50 day simple moving average of $0.20 and a two-hundred day simple moving average of $0.49.

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

About Jet.AI

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.