Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 366,000 shares, a growth of 91.0% from the February 13th total of 191,600 shares. Based on an average daily trading volume, of 5,300,000 shares, the short-interest ratio is currently 0.1 days. Currently, 17.5% of the shares of the company are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC bought a new position in shares of Jet.AI Inc. (NASDAQ:JTAI – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned approximately 1.52% of Jet.AI as of its most recent SEC filing. 5.51% of the stock is owned by institutional investors and hedge funds.
Jet.AI Trading Up 7.2 %
JTAI traded up $0.29 on Friday, reaching $4.30. The stock had a trading volume of 141,646 shares, compared to its average volume of 6,083,824. Jet.AI has a 12-month low of $2.30 and a 12-month high of $315.00. The business’s 50-day moving average price is $4.32 and its two-hundred day moving average price is $11.59. The company has a market cap of $3.36 million, a P/E ratio of -0.02 and a beta of -0.53.
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.
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