Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 93.3% in February

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 55,500 shares, a decline of 93.3% from the January 31st total of 829,700 shares. Approximately 6.9% of the company’s stock are short sold. Based on an average daily volume of 368,100 shares, the days-to-cover ratio is currently 0.2 days.

Volato Group Price Performance

Shares of Volato Group stock traded down $0.29 during mid-day trading on Thursday, reaching $2.24. 121,043 shares of the stock traded hands, compared to its average volume of 217,937. Volato Group has a fifty-two week low of $2.01 and a fifty-two week high of $112.50.

Insiders Place Their Bets

In other Volato Group news, insider Nicholas James Cooper sold 18,360 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 134,142 shares of the company’s stock, valued at approximately $871,923. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 29.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC acquired a new stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 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.