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

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a large drop in short interest in 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 stock are short sold. Based on an average trading volume of 17,200,000 shares, the days-to-cover ratio is currently 0.0 days.

Volato Group Trading Up 2.5 %

SOAR stock traded up $0.01 during trading on Tuesday, hitting $0.20. The company had a trading volume of 964,278 shares, compared to its average volume of 1,860,316. Volato Group has a one year low of $0.17 and a one year high of $4.50.

Insider Activity at Volato Group

In related news, insider Nicholas James Cooper sold 459,005 shares of the stock in a transaction 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 sale, the insider now directly owns 3,353,560 shares in the company, valued at $871,925.60. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.