Jet.AI Inc. (NASDAQ:JTAI – Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 366,000 shares, a growth of 91.0% from the February 13th total of 191,600 shares. Based on an average daily trading volume, of 5,300,000 shares, the short-interest ratio is presently 0.1 days. Currently, 17.5% of the shares of the company are sold short.
Jet.AI Trading Up 7.2 %
Shares of NASDAQ:JTAI traded up $0.29 on Friday, hitting $4.30. 141,646 shares of the company were exchanged, compared to its average volume of 6,083,824. Jet.AI has a 1-year low of $2.30 and a 1-year high of $315.00. The stock’s 50 day moving average price is $4.32 and its 200 day moving average price is $11.59. The firm has a market capitalization of $3.36 million, a P/E ratio of -0.02 and a beta of -0.53.
Institutional Investors Weigh In On Jet.AI
An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC bought a new position in shares of Jet.AI Inc. (NASDAQ:JTAI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned about 1.52% of Jet.AI at the end of the most recent reporting period. Institutional investors own 5.51% of the company’s stock.
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.
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