Jet.AI Inc. (NASDAQ:JTAI) Stock Short Interest Report for September

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 147,214 shares, a drop of 39.3% from the September 15th total of 242,595 shares. Currently, 10.5% of the shares of the company are sold short. Based on an average trading volume of 886,207 shares, the days-to-cover ratio is currently 0.2 days.

Jet.AI Stock Performance

Shares of JTAI traded down $0.04 during trading hours on Friday, reaching $1.18. 126,893 shares of the company traded hands, compared to its average volume of 511,627. The stock’s fifty day moving average is $1.48 and its 200 day moving average is $4.85. Jet.AI has a 1-year low of $1.12 and a 1-year high of $596.88. The stock has a market cap of $1.68 million, a P/E ratio of 0.00 and a beta of -0.35.

Jet.AI (NASDAQ:JTAI) last issued its earnings results on Friday, August 14th. The company reported ($1.72) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.53). Jet.AI had a net margin of 49.49% and a negative return on equity of 34.68%. The business had revenue of $5.32 million for the quarter, compared to analyst estimates of $1.10 million. On average, equities research analysts predict that Jet.AI will post -8.52 EPS for the current year.

Wall Street Analyst Weigh In

JTAI has been the subject of several recent analyst reports. Weiss Ratings downgraded Jet.AI from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Zacks Research raised Jet.AI to a “hold” rating in a research report on Friday, October 2nd. Finally, Wall Street Zen lowered Jet.AI from a “hold” rating to a “strong sell” rating in a report on Saturday, October 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Jet.AI has a consensus rating of “Reduce”.

Jet.AI Company Profile

Jet.AI Inc (NASDAQ: JTAI) is a private aviation company that combines on-demand aircraft charter services with technology designed to simplify the process of booking and managing private flights. The company serves individuals, businesses and aircraft owners through a platform intended to connect travelers with available private aircraft and provide related aviation services.

Its offerings include a private aviation booking application, charter brokerage and aircraft management services.