Volato Group, Inc. (NYSEAMERICAN:SOAR) Short Interest Down 20.0% in May

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

Volato Group Stock Performance

Shares of SOAR stock traded down $0.49 during mid-day trading on Wednesday, reaching $2.14. The company's stock had a trading volume of 423,570 shares, compared to its average volume of 363,662. The company's 50 day simple moving average is $2.06 and its 200-day simple moving average is $4.67. Volato Group has a 12-month low of $1.26 and a 12-month high of $25.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC acquired a new position in Volato Group, Inc. (NYSEAMERICAN:SOAR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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.

Volato Group Company Profile

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.