Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Up 114.6% in February

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 119,100 shares, an increase of 114.6% from the February 13th total of 55,500 shares. Based on an average trading volume of 196,600 shares, the days-to-cover ratio is presently 0.6 days. Currently, 9.5% of the company’s stock are short sold.

Volato Group Price Performance

NYSEAMERICAN:SOAR traded down $0.03 during trading hours on Friday, hitting $1.52. 21,487 shares of the stock traded hands, compared to its average volume of 182,748. Volato Group has a 1 year low of $1.40 and a 1 year high of $112.50. The firm has a 50 day moving average of $4.58.

Insider Buying and Selling

In other news, insider Nicholas James Cooper sold 18,360 shares of Volato Group stock in a transaction that occurred on 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 in the company, valued at $871,923. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 29.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On 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) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.23% of Volato Group at the end of the most recent reporting period.

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.