Wheels Up Experience Inc. (NYSE:UP) Short Interest Update

Wheels Up Experience Inc. (NYSE:UP) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 674,804 shares, a decline of 95.6% from the April 15th total of 15,387,310 shares. Based on an average daily trading volume, of 202,521 shares, the short-interest ratio is presently 3.3 days. Currently, 1.9% of the shares of the company are sold short.

Wheels Up Experience Stock Down 2.8%

Wheels Up Experience stock traded down $0.14 during mid-day trading on Tuesday, reaching $5.02. 84,769 shares of the company’s stock were exchanged, compared to its average volume of 205,002. The company has a market cap of $181.69 million, a P/E ratio of -0.60 and a beta of 1.86. Wheels Up Experience has a twelve month low of $4.69 and a twelve month high of $70.00. The company has a fifty day moving average of $9.24 and a 200-day moving average of $14.22.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Monday, May 11th. The company reported ($2.29) earnings per share for the quarter. The company had revenue of $168.92 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC purchased a new position in Wheels Up Experience in the 3rd quarter worth approximately $25,000. Unconventional Investor LLC purchased a new stake in Wheels Up Experience in the 3rd quarter worth about $31,000. WealthShield Partners LLC purchased a new position in Wheels Up Experience during the third quarter valued at approximately $33,000. Clearstead Advisors LLC purchased a new position in Wheels Up Experience during the third quarter valued at approximately $37,000. Finally, Creative Planning acquired a new stake in Wheels Up Experience in the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wall Street Analyst Weigh In

UP has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Wheels Up Experience Company Profile

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.