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

Jet.AI Inc. (NASDAQ:JTAI) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 366,000 shares, a growth of 91.0% from the February 13th total of 191,600 shares. Currently, 17.5% of the company’s shares are sold short. Based on an average daily volume of 5,300,000 shares, the short-interest ratio is presently 0.1 days.

Jet.AI Stock Performance

Jet.AI stock opened at $4.30 on Friday. The company’s 50 day simple moving average is $4.32 and its 200-day simple moving average is $11.37. The company has a market capitalization of $3.36 million, a price-to-earnings ratio of -0.02 and a beta of -0.53. Jet.AI has a 1 year low of $2.30 and a 1 year high of $315.00.

Institutional Investors Weigh In On Jet.AI

A hedge fund recently bought a new stake in Jet.AI stock. Virtu Financial LLC purchased a new position in shares of Jet.AI Inc. (NASDAQ:JTAI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned approximately 1.52% of Jet.AI as of its most recent SEC filing. Institutional investors own 5.51% of the company’s stock.

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.