Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Large Increase in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the target of a large growth in short interest during 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 volume of 196,600 shares, the short-interest ratio is presently 0.6 days. Approximately 9.5% of the company’s shares are short sold.

Insiders Place Their Bets

In other news, insider Nicholas James Cooper sold 18,360 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.50, for a total value of $119,340.00. Following the completion of the sale, the insider now directly owns 134,142 shares of the company’s stock, valued at approximately $871,923. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 29.16% of the company’s stock.

Institutional Trading of Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC acquired a new stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 SEC.

Volato Group Price Performance

Shares of NYSEAMERICAN SOAR opened at $1.58 on Friday. Volato Group has a 1 year low of $1.40 and a 1 year high of $112.50. The company’s 50-day simple moving average is $4.49.

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.