Jet.AI Inc. (NASDAQ:JTAI) Short Interest Up 347.2% in September

Jet.AI Inc. (NASDAQ:JTAI) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 843,400 shares, an increase of 347.2% from the August 31st total of 188,600 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 6.4% of the company’s shares are short sold.

Jet.AI Stock Performance

NASDAQ:JTAI traded down $0.02 during trading hours on Wednesday, reaching $0.09. 4,009,094 shares of the company were exchanged, compared to its average volume of 1,553,962. The stock has a 50 day simple moving average of $0.21 and a 200 day simple moving average of $0.50. Jet.AI has a 52-week low of $0.08 and a 52-week high of $4.47.

Jet.AI (NASDAQ:JTAI) last issued its earnings results on Wednesday, August 14th. The company reported ($0.25) earnings per share 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.