Jet.AI Inc. (NASDAQ:JTAI) Short Interest Down 41.4% in February

Jet.AI Inc. (NASDAQ:JTAI) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 4,368,057 shares, a decline of 41.4% from the February 12th total of 7,448,554 shares. Currently, 11.6% of the shares of the company are sold short. Based on an average daily volume of 23,378,002 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 23,378,002 shares, the days-to-cover ratio is currently 0.2 days. Currently, 11.6% of the shares of the company are sold short.

Jet.AI Stock Down 2.4%

JTAI traded down $0.00 during trading hours on Friday, hitting $0.10. The stock had a trading volume of 7,793,586 shares, compared to its average volume of 19,822,816. Jet.AI has a 1 year low of $0.08 and a 1 year high of $6.35. The company’s fifty day simple moving average is $0.24 and its 200 day simple moving average is $1.60. The stock has a market cap of $3.69 million, a PE ratio of -0.48 and a beta of -0.15.

Jet.AI (NASDAQ:JTAI) last issued its earnings results on Friday, March 6th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.26). The business had revenue of $1.77 million for the quarter, compared to the consensus estimate of $1.00 million. Jet.AI had a net margin of 50.00% and a negative return on equity of 70.43%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jet.AI in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.