Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 34.1% in February

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 191,600 shares, an increase of 34.1% from the January 31st total of 142,900 shares. Based on an average daily trading volume, of 5,470,000 shares, the short-interest ratio is currently 0.0 days. Approximately 15.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jet.AI stock. Virtu Financial LLC bought a new stake in Jet.AI Inc. (NASDAQ:JTAI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned about 1.52% of Jet.AI at the end of the most recent reporting period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Jet.AI Trading Down 10.5 %

JTAI opened at $6.34 on Tuesday. The company’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $13.72. Jet.AI has a 1-year low of $2.30 and a 1-year high of $315.00. The company has a market cap of $4.95 million, a price-to-earnings ratio of -0.03 and a beta of -0.07.

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.