Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Update

Volato Group, Inc. (NYSEAMERICAN:SOAR) 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

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC bought a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.23% of Volato Group as of its most recent filing with the Securities and Exchange Commission (SEC).

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.