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

Jet.AI Inc. (NASDAQ:JTAI) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 7,448,554 shares, an increase of 141.4% from the January 29th total of 3,085,617 shares. Based on an average daily trading volume, of 84,999,542 shares, the days-to-cover ratio is currently 0.1 days. Currently, 19.7% of the company’s shares are short sold. Currently, 19.7% of the company’s shares are short sold. Based on an average daily trading volume, of 84,999,542 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jet.AI in a research report on Thursday, January 22nd. One 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, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Jet.AI Stock Performance

JTAI opened at $0.11 on Friday. Jet.AI has a 52-week low of $0.09 and a 52-week high of $8.30. The stock has a market capitalization of $4.38 million, a PE ratio of -0.03 and a beta of -0.18. The stock’s 50 day moving average price is $0.39 and its 200-day moving average price is $1.85.

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.