Jet.AI Inc. (NASDAQ:JTAI) Sees Large Growth in Short Interest

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 10,860,000 shares, an increase of 46.4% from the October 15th total of 7,420,000 shares. Based on an average daily volume of 40,200,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 55.1% of the shares of the company are short sold.

Jet.AI Stock Performance

NASDAQ JTAI traded down $0.45 during mid-day trading on Friday, reaching $5.35. 99,134 shares of the stock were exchanged, compared to its average volume of 64,784. The company has a market capitalization of $1.51 million, a P/E ratio of -0.02 and a beta of 0.33. The business’s 50 day moving average is $19.55 and its 200-day moving average is $68.90. Jet.AI has a 1 year low of $5.17 and a 1 year high of $1,005.75.

Jet.AI (NASDAQ:JTAI) last posted its earnings results on Wednesday, August 14th. The company reported ($56.25) EPS for the quarter. The firm had revenue of $3.08 million during 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.