Short Interest in Wheels Up Experience Inc. (NYSE:UP) Drops By 16.6%

Key Points

• Short interest in Wheels Up fell 16.6% in March to 14,104,005 shares, equal to about 1.9% of shares shorted and a 9.5-day cover ratio based on average daily volume.
• Shares traded down about 6% to $0.39 (12‑month range $0.36–$3.50); the company has a market cap of roughly $284.7M and a negative P/E, underscoring continued volatility.
• Wheels Up will implement a 1-for-20 reverse split on April 27 (share counts adjusted after the close on April 24), and institutional investors reportedly own about 98.2% of the stock amid recent buying activity.

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 14,104,005 shares, a decrease of 16.6% from the March 15th total of 16,909,920 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 1,488,034 shares, the days-to-cover ratio is presently 9.5 days.

Wheels Up Experience Stock Down 6.0%

Wheels Up Experience stock traded down $0.03 during midday trading on Thursday, hitting $0.39. The company's stock had a trading volume of 2,019,219 shares, compared to its average volume of 4,034,933. The stock's 50-day moving average price is $0.56 and its 200-day moving average price is $0.88. Wheels Up Experience has a 12 month low of $0.36 and a 12 month high of $3.50. The company has a market capitalization of $284.72 million, a PE ratio of -0.94 and a beta of 2.35.

Wheels Up Experience shares are set to reverse split on the morning of Monday, April 27th. The 1-20 reverse split was announced on Tuesday, April 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 24th.

Institutional Trading of Wheels Up Experience

Institutional investors and hedge funds have recently bought and sold shares of the stock. Instrumental Wealth LLC raised its holdings in Wheels Up Experience by 103.8% during the 4th quarter. Instrumental Wealth LLC now owns 234,221 shares of the company's stock worth $155,000 after buying an additional 119,299 shares during the period. Alpine Global Management LLC acquired a new stake in Wheels Up Experience during the 4th quarter worth about $176,000. Rooted Wealth Advisors Inc. raised its holdings in Wheels Up Experience by 80.2% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company's stock worth $30,000 after buying an additional 20,041 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in Wheels Up Experience during the 3rd quarter worth about $25,000. Finally, Militia Capital Partners LP acquired a new stake in Wheels Up Experience during the 3rd quarter worth about $644,000. Institutional investors and hedge funds own 98.20% of the company's stock.

Analyst Upgrades and Downgrades

UP has been the subject of several research 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 raised shares of Wheels Up Experience from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheels Up Experience currently has an average rating of "Sell".

About Wheels Up Experience

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.