Blade Air Mobility, Inc. (NASDAQ:BLDE) Short Interest Update

Blade Air Mobility, Inc. (NASDAQ:BLDE) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 3,890,000 shares, a decline of 5.6% from the August 31st total of 4,120,000 shares. Approximately 7.8% of the shares of the stock are short sold. Based on an average trading volume of 556,600 shares, the short-interest ratio is currently 7.0 days.

Blade Air Mobility Stock Performance

NASDAQ BLDE traded down $0.03 on Monday, hitting $2.92. The stock had a trading volume of 287,120 shares, compared to its average volume of 666,454. The firm has a 50-day moving average of $3.11 and a 200-day moving average of $3.22. The company has a market capitalization of $225.85 million, a price-to-earnings ratio of -4.34 and a beta of 1.09. Blade Air Mobility has a 52-week low of $2.06 and a 52-week high of $4.24.

Blade Air Mobility (NASDAQ:BLDE) last released its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). Blade Air Mobility had a negative return on equity of 10.86% and a negative net margin of 20.64%. The business had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $62.86 million. As a group, research analysts anticipate that Blade Air Mobility will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Blade Air Mobility

Several hedge funds and other institutional investors have recently bought and sold shares of BLDE. Tidal Investments LLC bought a new stake in shares of Blade Air Mobility in the 1st quarter worth approximately $1,721,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Blade Air Mobility by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock worth $14,130,000 after purchasing an additional 381,308 shares during the period. Virtu Financial LLC bought a new stake in Blade Air Mobility in the first quarter worth $171,000. GSA Capital Partners LLP boosted its position in Blade Air Mobility by 72.7% during the first quarter. GSA Capital Partners LLP now owns 283,724 shares of the company’s stock valued at $809,000 after buying an additional 119,410 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Blade Air Mobility in the first quarter worth about $66,000. Hedge funds and other 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.