Blade Air Mobility, Inc. (NASDAQ:BLDE) Sees Significant Increase in Short Interest

Blade Air Mobility, Inc. (NASDAQ:BLDE) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,650,000 shares, an increase of 27.2% from the March 31st total of 2,870,000 shares. Currently, 8.0% of the company’s stock are short sold. Based on an average daily volume of 923,200 shares, the days-to-cover ratio is presently 4.0 days.

Blade Air Mobility Stock Down 0.6 %

Shares of NASDAQ BLDE traded down $0.02 during midday trading on Monday, hitting $3.33. 587,870 shares of the company’s stock were exchanged, compared to its average volume of 849,664. The firm has a market capitalization of $251.18 million, a PE ratio of -4.41 and a beta of 1.16. Blade Air Mobility has a 12 month low of $2.06 and a 12 month high of $4.54. The company’s 50 day moving average price is $3.26 and its 200 day moving average price is $3.09.

Blade Air Mobility (NASDAQ:BLDE) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.10). Blade Air Mobility had a negative net margin of 24.90% and a negative return on equity of 13.71%. The business had revenue of $47.48 million for the quarter, compared to analyst estimates of $48.70 million. On average, equities research analysts anticipate that Blade Air Mobility will post -0.22 EPS for the current year.

Insider Transactions at Blade Air Mobility

In other news, CFO William A. Heyburn sold 26,632 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $2.62, for a total transaction of $69,775.84. Following the completion of the transaction, the chief financial officer now directly owns 1,355,020 shares of the company’s stock, valued at approximately $3,550,152.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO William A. Heyburn sold 20,552 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $3.28, for a total value of $67,410.56. Following the sale, the chief financial officer now directly owns 1,404,468 shares of the company’s stock, valued at approximately $4,606,655.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO William A. Heyburn sold 26,632 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $2.62, for a total value of $69,775.84. Following the transaction, the chief financial officer now directly owns 1,355,020 shares in the company, valued at approximately $3,550,152.40. The disclosure for this sale can be found here. Insiders have sold a total of 202,293 shares of company stock valued at $592,090 over the last 90 days. 18.00% of the stock is owned by company insiders.

Institutional Trading of Blade Air Mobility

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Family Office LLC acquired a new stake in Blade Air Mobility during the third quarter worth approximately $36,000. Jump Financial LLC acquired a new position in Blade Air Mobility in the 3rd quarter valued at $36,000. SG Americas Securities LLC bought a new position in Blade Air Mobility during the 3rd quarter worth $67,000. City State Bank acquired a new stake in shares of Blade Air Mobility during the first quarter worth $98,000. Finally, Caprock Group LLC bought a new stake in shares of Blade Air Mobility in the fourth quarter valued at about $109,000. Institutional investors own 47.36% of the company’s stock.

About Blade Air Mobility

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.