Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Rises By 87.3%

Jet.AI Inc. (NASDAQ:JTAI) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,580,000 shares, a growth of 87.3% from the September 15th total of 843,400 shares. Currently, 12.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,400,000 shares, the days-to-cover ratio is presently 0.7 days.

Jet.AI Trading Up 23.6 %

NASDAQ JTAI opened at $0.10 on Monday. Jet.AI has a 12 month low of $0.08 and a 12 month high of $4.47. The stock’s fifty day moving average price is $0.15 and its 200-day moving average price is $0.43. The stock has a market cap of $1.28 million, a P/E ratio of -0.07 and a beta of 0.27.

Jet.AI (NASDAQ:JTAI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $3.08 million for the quarter.

Jet.AI Company Profile

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.