Short Interest in Blade Air Mobility, Inc. (NASDAQ:BLDE) Grows By 27.2%

Blade Air Mobility, Inc. (NASDAQ:BLDE) was the recipient of a significant increase in short interest during 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.

Insider Buying and Selling

In other news, CFO William A. Heyburn sold 20,552 shares of Blade Air Mobility stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $3.28, for a total transaction of $67,410.56. Following the sale, the chief financial officer now owns 1,404,468 shares in the company, valued at $4,606,655.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Robert S. Wiesenthal sold 68,387 shares of Blade Air Mobility stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $67,410.56. Following the completion of the sale, the chief financial officer now directly owns 1,404,468 shares of the company’s stock, valued at $4,606,655.04. The disclosure for this sale can be found here. Insiders sold a total of 202,293 shares of company stock worth $592,090 over the last 90 days. 18.00% of the stock is owned by insiders.

Institutional Trading of Blade Air Mobility

Several large investors have recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in shares of Blade Air Mobility in the third quarter valued at approximately $36,000. Pathstone Family Office LLC acquired a new position in shares of Blade Air Mobility in the third quarter worth $36,000. SG Americas Securities LLC purchased a new stake in shares of Blade Air Mobility in the third quarter valued at $67,000. Caprock Group LLC purchased a new stake in Blade Air Mobility during the 4th quarter worth about $109,000. Finally, City State Bank purchased a new stake in Blade Air Mobility during the 1st quarter worth about $98,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

Blade Air Mobility Trading Down 2.1 %

Shares of Blade Air Mobility stock traded down $0.07 on Tuesday, reaching $3.26. 102,950 shares of the stock were exchanged, compared to its average volume of 840,604. The business has a fifty day moving average price of $3.26 and a two-hundred day moving average price of $3.10. Blade Air Mobility has a 1-year low of $2.06 and a 1-year high of $4.54.

Blade Air Mobility (NASDAQ:BLDE) last posted its quarterly 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). Blade Air Mobility had a negative return on equity of 13.71% and a negative net margin of 24.90%. The company had revenue of $47.48 million for the quarter, compared to analyst estimates of $48.70 million. As a group, equities research analysts anticipate that Blade Air Mobility will post -0.22 earnings per share for the current year.

Blade Air Mobility Company Profile

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.