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

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 143,000 shares, a drop of 62.1% from the September 30th total of 377,000 shares. Based on an average daily trading volume, of 892,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.9% of the shares of the stock are sold short.

Volato Group Stock Up 2.4 %

Shares of NYSEAMERICAN SOAR traded up $0.01 during midday trading on Friday, reaching $0.28. 290,688 shares of the company were exchanged, compared to its average volume of 699,434. Volato Group has a one year low of $0.26 and a one year high of $35.00.

Volato Group (NYSEAMERICAN:SOAR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.49) EPS for the quarter. The firm had revenue of $15.13 million for the quarter.

About Volato Group

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.