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

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

Blade Air Mobility Stock Down 0.6 %

Blade Air Mobility stock traded down $0.02 during midday trading on Monday, reaching $3.33. The stock had a trading volume of 587,870 shares, compared to its average volume of 849,664. The firm has a market cap of $251.18 million, a price-to-earnings ratio of -4.41 and a beta of 1.16. The company has a fifty day moving average of $3.26 and a 200 day moving average of $3.09. Blade Air Mobility has a 52-week low of $2.06 and a 52-week high of $4.54.

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

Insider Activity at Blade Air Mobility

In other news, CEO Robert S. Wiesenthal sold 68,387 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total transaction of $188,748.12. Following the transaction, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at approximately $19,987,486.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel Melissa M. Tomkiel sold 26,191 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $72,287.16. Following the transaction, the general counsel now owns 1,256,179 shares of the company’s stock, valued at $3,467,054.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert S. Wiesenthal sold 68,387 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $188,748.12. Following the completion of the sale, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at $19,987,486.68. The disclosure for this sale can be found here. Insiders have sold 202,293 shares of company stock valued at $592,090 over the last ninety days. Insiders own 18.00% of the company’s stock.

Institutional Investors Weigh In On Blade Air Mobility

Hedge funds have recently made changes to their positions in the company. Bouvel Investment Partners LLC raised its stake in Blade Air Mobility by 2.5% in the fourth quarter. Bouvel Investment Partners LLC now owns 179,614 shares of the company’s stock worth $634,000 after buying an additional 4,453 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Blade Air Mobility by 21.8% during the 4th quarter. SG Americas Securities LLC now owns 31,636 shares of the company’s stock worth $112,000 after purchasing an additional 5,652 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in Blade Air Mobility by 2.0% during the third quarter. Brandywine Global Investment Management LLC now owns 535,900 shares of the company’s stock valued at $1,388,000 after purchasing an additional 10,300 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Blade Air Mobility in the 3rd quarter worth approximately $36,000. Finally, Pathstone Family Office LLC bought a new position in shares of Blade Air Mobility during the 3rd quarter worth approximately $36,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

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.