Jet.AI Inc. (NASDAQ:JTAI) Sees Significant Drop in Short Interest

Jet.AI Inc. (NASDAQ:JTAI) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 146,600 shares, a decrease of 8.3% from the December 15th total of 159,900 shares. Approximately 12.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is currently 0.1 days.

Jet.AI Trading Up 3.2 %

Shares of NASDAQ JTAI opened at $3.86 on Friday. The business’s 50 day moving average price is $4.86 and its 200-day moving average price is $28.00. Jet.AI has a fifty-two week low of $3.29 and a fifty-two week high of $324.00.

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.