Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Increases By 190.5%

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 350,400 shares, an increase of 190.5% from the June 15th total of 120,600 shares. Based on an average daily volume of 170,200 shares, the short-interest ratio is presently 2.1 days. Currently, 4.8% of the company’s shares are short sold.

Jet.AI Price Performance

JTAI stock traded down $0.01 during trading on Friday, reaching $0.35. 138,328 shares of the stock were exchanged, compared to its average volume of 1,173,051. The business has a 50 day moving average price of $0.55 and a 200-day moving average price of $0.84. Jet.AI has a 1 year low of $0.25 and a 1 year high of $17.50.

Jet.AI (NASDAQ:JTAI) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.28) EPS for the quarter. The firm had revenue of $3.85 million for 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.