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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large decline in short interest in the month of 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. Based on an average daily trading volume, of 368,100 shares, the short-interest ratio is currently 0.2 days. Currently, 6.9% of the company’s shares are sold short.

Volato Group Price Performance

Shares of Volato Group stock traded down $0.29 during trading on Thursday, hitting $2.24. The company’s stock had a trading volume of 121,043 shares, compared to its average volume of 217,937. Volato Group has a 52 week low of $2.01 and a 52 week high of $112.50.

Insider Activity

In other Volato Group news, insider Nicholas James Cooper sold 18,360 shares of the business’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 transaction of $119,340.00. Following the transaction, the insider now owns 134,142 shares of the company’s stock, valued at $871,923. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 29.16% of the stock is owned by company insiders.

Institutional Trading of Volato Group

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC acquired a new stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) during the fourth quarter, according to its most recent disclosure 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 about 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.