Jet.AI Inc. (NASDAQ:JTAI) Sees Significant Decrease in Short Interest

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 146,600 shares, a decline of 8.3% from the December 15th total of 159,900 shares. Approximately 12.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is presently 0.1 days.

Jet.AI Stock Up 3.2 %

JTAI traded up $0.12 during midday trading on Friday, hitting $3.86. 82,451 shares of the company were exchanged, compared to its average volume of 1,959,460. The firm has a market capitalization of $3.01 million, a P/E ratio of -0.02 and a beta of -0.01. The firm’s 50 day moving average price is $4.98 and its 200-day moving average price is $28.49. Jet.AI has a 1-year low of $3.29 and a 1-year high of $324.00.

Jet.AI Company Profile

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.