Short Interest in Jet.AI Inc. (NASDAQ:JTAI) Expands By 369.6%

Jet.AI Inc. (NASDAQ:JTAI) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 7,420,000 shares, an increase of 369.6% from the September 30th total of 1,580,000 shares. Based on an average daily trading volume, of 33,570,000 shares, the short-interest ratio is currently 0.2 days. Currently, 69.4% of the shares of the company are short sold.

Jet.AI Stock Down 16.4 %

Shares of JTAI traded down $0.01 during trading hours on Friday, hitting $0.07. The company had a trading volume of 45,135,700 shares, compared to its average volume of 11,554,454. The firm has a market cap of $4.36 million, a price-to-earnings ratio of -0.05 and a beta of 0.27. The business has a fifty day moving average of $0.12 and a 200-day moving average of $0.38. Jet.AI has a 12 month low of $0.07 and a 12 month high of $4.47.

Jet.AI (NASDAQ:JTAI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $3.08 million for 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.