Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Significant Decrease in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 52,000 shares, a decrease of 20.0% from the April 30th total of 65,000 shares. Based on an average daily volume of 164,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 5.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC acquired a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 105,157 shares of the company's stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.23% of Volato Group at the end of the most recent reporting period.

Volato Group Stock Down 1.0%

Shares of SOAR stock traded down $0.02 during mid-day trading on Thursday, hitting $2.04. The stock had a trading volume of 463,488 shares, compared to its average volume of 367,256. The company's 50-day simple moving average is $2.06 and its 200-day simple moving average is $4.66. Volato Group has a fifty-two week low of $1.26 and a fifty-two week high of $21.49.

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.