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

Jet.AI Inc. (NASDAQ:JTAI) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 89,300 shares, a drop of 99.2% from the October 31st total of 10,860,000 shares. Based on an average daily volume of 438,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Jet.AI Trading Down 5.7 %

Shares of NASDAQ JTAI traded down $0.32 during midday trading on Wednesday, reaching $5.28. 239,472 shares of the stock were exchanged, compared to its average volume of 129,955. The business has a 50-day simple moving average of $16.40 and a two-hundred day simple moving average of $59.88. Jet.AI has a 12 month low of $5.13 and a 12 month high of $1,005.75.

Jet.AI Company Profile

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.