Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 222,600 shares, a decline of 39.2% from the February 28th total of 366,000 shares. Based on an average trading volume of 5,210,000 shares, the short-interest ratio is currently 0.0 days. Approximately 10.5% of the company’s stock are short sold.
Jet.AI Trading Down 8.0 %
JTAI traded down $0.36 during midday trading on Friday, reaching $4.13. The company’s stock had a trading volume of 102,496 shares, compared to its average volume of 1,510,876. Jet.AI has a 1 year low of $2.30 and a 1 year high of $217.71. The stock’s 50-day moving average is $4.53 and its 200-day moving average is $9.61. The firm has a market capitalization of $3.23 million, a price-to-earnings ratio of -0.02 and a beta of -0.50.
Institutional Trading of Jet.AI
A hedge fund recently bought a new stake in Jet.AI stock. Virtu Financial LLC bought a new position in Jet.AI Inc. (NASDAQ:JTAI – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned about 1.52% of Jet.AI at the end of the most recent quarter. 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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