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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 401,700 shares, a drop of 72.5% from the December 31st total of 1,460,000 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 17,200,000 shares, the short-interest ratio is presently 0.0 days.

Volato Group Stock Performance

NYSEAMERICAN:SOAR traded up $0.01 during trading hours on Tuesday, reaching $0.20. 964,278 shares of the company’s stock were exchanged, compared to its average volume of 1,860,316. Volato Group has a 12 month low of $0.17 and a 12 month high of $4.50.

Insiders Place Their Bets

In other Volato Group news, insider Nicholas James Cooper sold 459,005 shares of Volato Group stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $0.26, for a total value of $119,341.30. Following the completion of the transaction, the insider now directly owns 3,353,560 shares in the company, valued at $871,925.60. 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 at this link. 29.16% of the stock is currently owned by company insiders.

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.