Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 46.4% in October

Jet.AI Inc. (NASDAQ:JTAI) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 10,860,000 shares, a growth of 46.4% from the October 15th total of 7,420,000 shares. Based on an average daily volume of 40,200,000 shares, the short-interest ratio is currently 0.3 days. Currently, 55.1% of the shares of the company are sold short.

Jet.AI Trading Down 7.8 %

Shares of NASDAQ:JTAI traded down $0.45 on Friday, hitting $5.35. 99,134 shares of the company were exchanged, compared to its average volume of 64,784. The firm has a market capitalization of $1.51 million, a P/E ratio of -0.02 and a beta of 0.33. Jet.AI has a 1-year low of $5.17 and a 1-year high of $1,005.75. The stock’s 50 day moving average price is $19.55 and its 200 day moving average price is $68.90.

Jet.AI (NASDAQ:JTAI) last released its earnings results on Wednesday, August 14th. The company reported ($56.25) EPS for the quarter. The company had revenue of $3.08 million during the quarter.

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.