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

Jet.AI Inc. (NASDAQ:JTAI) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 268,900 shares, a growth of 20.8% from the March 15th total of 222,600 shares. Based on an average daily volume of 4,630,000 shares, the short-interest ratio is presently 0.1 days. Approximately 12.7% of the company’s stock are short sold.

Jet.AI Stock Down 0.3 %

Shares of Jet.AI stock opened at $3.87 on Tuesday. The business has a 50-day moving average price of $4.96 and a 200 day moving average price of $6.91. Jet.AI has a fifty-two week low of $2.30 and a fifty-two week high of $175.50. The firm has a market cap of $5.04 million, a P/E ratio of -0.02 and a beta of -0.26.

Institutional Investors Weigh In On Jet.AI

An institutional investor recently bought a new position in Jet.AI stock. Virtu Financial LLC bought a new position in shares of Jet.AI Inc. (NASDAQ:JTAI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,824 shares of the company’s stock, valued at approximately $54,000. Virtu Financial LLC owned 1.52% of Jet.AI as of its most recent filing with the Securities and Exchange Commission (SEC). 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.