Jet.AI Inc. (NASDAQ:JTAI) Short Interest Update

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 89,300 shares, a drop of 99.2% from the October 31st total of 10,860,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 438,300 shares, the days-to-cover ratio is currently 0.2 days.

Jet.AI Price Performance

JTAI stock traded down $0.32 during midday trading on Wednesday, reaching $5.28. The company’s stock had a trading volume of 239,472 shares, compared to its average volume of 129,955. Jet.AI has a 52 week low of $5.13 and a 52 week high of $1,005.75. The business’s 50-day simple moving average is $16.40 and its 200-day simple moving average is $59.88.

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.