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

Jet.AI Inc. (NASDAQ:JTAI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 662,760 shares, an increase of 286.8% from the December 15th total of 171,338 shares. Approximately 17.0% of the shares of the company are sold short. Based on an average daily volume of 2,339,337 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 2,339,337 shares, the short-interest ratio is presently 0.3 days. Approximately 17.0% of the shares of the company are sold short.

Jet.AI Stock Up 13.7%

NASDAQ:JTAI opened at $0.45 on Thursday. The business’s 50-day simple moving average is $1.32 and its two-hundred day simple moving average is $2.57. Jet.AI has a 52 week low of $0.34 and a 52 week high of $11.77. The stock has a market cap of $1.79 million, a PE ratio of -0.14 and a beta of -0.15.

Jet.AI (NASDAQ:JTAI) last released its earnings results on Friday, November 14th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.11). The business had revenue of $1.71 million for the quarter, compared to analysts’ expectations of $2.10 million. Jet.AI had a negative return on equity of 107.36% and a negative net margin of 103.18%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jet.AI in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Jet.AI currently has an average rating of “Hold” and a consensus target price of $11.00.

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.