Short Interest in Blade Air Mobility, Inc. (NASDAQ:BLDE) Expands By 14.5%

Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 3,000,000 shares, a growth of 14.5% from the February 29th total of 2,620,000 shares. Currently, 6.7% of the company's shares are sold short. Based on an average daily trading volume, of 775,200 shares, the short-interest ratio is presently 3.9 days.

Insiders Place Their Bets

In related news, CFO William A. Heyburn sold 26,632 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 value of $188,748.12. Following the transaction, the chief executive officer now directly owns 7,241,843 shares in the company, valued at approximately $19,987,486.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William A. Heyburn sold 26,632 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 1,355,020 shares in the company, valued at $3,550,152.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,267 shares of company stock worth $352,565. Corporate insiders own 17.50% of the company's stock.

Institutional Investors Weigh In On Blade Air Mobility

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in Blade Air Mobility by 223.3% in the 3rd quarter. Barclays PLC now owns 136,311 shares of the company's stock valued at $353,000 after buying an additional 94,149 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Blade Air Mobility by 2.0% during the 3rd 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 during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Blade Air Mobility during the 3rd quarter valued at $36,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Blade Air Mobility by 152.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,145 shares of the company's stock valued at $143,000 after purchasing an additional 33,258 shares during the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of Blade Air Mobility during the 3rd quarter valued at $1,230,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Blade Air Mobility Stock Down 0.3 %

NASDAQ BLDE traded down $0.01 on Friday, reaching $2.85. The company had a trading volume of 438,048 shares, compared to its average volume of 1,269,291. The stock has a market capitalization of $214.98 million, a P/E ratio of -3.75 and a beta of 1.17. The company's fifty day moving average is $3.10 and its 200 day moving average is $2.97. Blade Air Mobility has a 52-week low of $2.06 and a 52-week high of $4.54.

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.