Volato Group, Inc. (NYSEAMERICAN:SOAR – Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 119,100 shares, a growth of 114.6% from the February 13th total of 55,500 shares. Based on an average daily trading volume, of 196,600 shares, the days-to-cover ratio is presently 0.6 days. Currently, 9.5% of the shares of the company are short sold.
Volato Group Price Performance
NYSEAMERICAN SOAR opened at $1.58 on Friday. Volato Group has a twelve month low of $1.40 and a twelve month high of $112.50. The stock has a 50-day simple moving average of $4.49.
Insider Activity
In other news, insider Nicholas James Cooper sold 18,360 shares of Volato Group stock in a transaction dated 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 directly owns 134,142 shares of the company’s stock, valued at $871,923. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 29.16% of the company’s stock.
Institutional Inflows and Outflows
About Volato Group
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.
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