Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 222,600 shares, a drop of 39.2% from the February 28th total of 366,000 shares. Currently, 10.5% of the company’s stock are sold short. Based on an average trading volume of 5,210,000 shares, the short-interest ratio is presently 0.0 days.
Jet.AI Price Performance
NASDAQ JTAI traded down $0.36 during mid-day trading on Friday, reaching $4.13. The stock had a trading volume of 102,496 shares, compared to its average volume of 1,510,876. The stock has a market cap of $3.23 million, a PE ratio of -0.02 and a beta of -0.50. Jet.AI has a 1 year low of $2.30 and a 1 year high of $217.71. The company has a fifty day moving average price of $4.53 and a 200 day moving average price of $9.61.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC acquired a new position in Jet.AI Inc. (NASDAQ:JTAI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned approximately 1.52% of Jet.AI as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.51% of the company’s stock.
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.
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