SOAR AI, Inc. (NYSEAMERICAN:SOAR) Shares Shorted: Short Interest Down 61.3% in October

SOAR AI, Inc. (NYSEAMERICAN:SOAR) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,263,456 shares, a decrease of 61.3% from the September 30th total of 11,010,111 shares. Currently, 10.7% of the company’s shares are short sold. Based on an average daily volume of 19,579,652 shares, the days-to-cover ratio is presently 0.2 days.

SOAR AI Stock Performance

SOAR traded down $0.00 during trading on Friday, reaching $0.23. 1,218,274 shares of the stock traded hands, compared to its average volume of 11,419,811. The stock’s 50-day moving average is $0.23 and its 200 day moving average is $0.26. SOAR AI has a 12 month low of $0.10 and a 12 month high of $1.75.

SOAR AI (NYSEAMERICAN:SOAR) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. SOAR AI had a negative net margin of 11.82% and a negative return on equity of 525.19%. The business had revenue of $0.97 million during the quarter.

About SOAR AI

Volato Group Inc is a private aviation company that provides aircraft charter and ownership solutions for individuals and businesses. Its offerings include aircraft fractional ownership, jet card programs, managed aircraft services and on-demand charter flights.

The company has focused on operating and managing a fleet of private aircraft, including HondaJet light jets, while using technology and operational services to support booking, scheduling and aircraft utilization. Volato serves customers seeking private air travel in the United States and may also arrange flights to international destinations through its charter network.

Volato was founded in 2021 and became a publicly traded company following its business combination with PROOF Acquisition Company I.