Surf Air Mobility Inc. (NYSE:SRFM) Sees Significant Drop in Short Interest

Key Points

• Surf Air Mobility Inc. experienced a significant 27.8% drop in short interest in September, with total short interest falling to 1,900,000 shares.
• The company's shares currently trade around $5.02, with a market capitalization of approximately $215 million and a P/E ratio of -1.83.
• Institutional investors have been actively adjusting their holdings, with notable increases in stakes by firms such as XTX Topco Ltd and Osaic Holdings Inc., indicating growing interest in the company's performance.

Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,900,000 shares, a decline of 27.8% from the August 31st total of 2,630,000 shares. Currently, 7.8% of the shares of the company are sold short. Based on an average trading volume of 8,760,000 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 8,760,000 shares, the short-interest ratio is currently 0.2 days. Currently, 7.8% of the shares of the company are sold short.

Surf Air Mobility Trading Down 2.3%

Shares of Surf Air Mobility stock opened at $5.02 on Tuesday. Surf Air Mobility has a 12 month low of $1.50 and a 12 month high of $9.91. The stock's fifty day moving average price is $4.34 and its 200-day moving average price is $3.59. The firm has a market cap of $215.01 million, a P/E ratio of -1.83 and a beta of 2.87.

Surf Air Mobility (NYSE:SRFM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.93) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.16. The business had revenue of $27.43 million for the quarter, compared to analysts' expectations of $25.90 million. Surf Air Mobility has set its Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Surf Air Mobility

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd boosted its position in Surf Air Mobility by 44.6% during the first quarter. XTX Topco Ltd now owns 16,906 shares of the company's stock worth $45,000 after acquiring an additional 5,214 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Surf Air Mobility by 669.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,244 shares of the company's stock worth $64,000 after acquiring an additional 15,004 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Surf Air Mobility by 1,235.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,009 shares of the company's stock valued at $70,000 after acquiring an additional 17,586 shares during the last quarter. DNB Asset Management AS purchased a new stake in shares of Surf Air Mobility in the 2nd quarter valued at approximately $287,000. Finally, Geode Capital Management LLC grew its position in Surf Air Mobility by 14.6% in the second quarter. Geode Capital Management LLC now owns 127,602 shares of the company's stock worth $471,000 after acquiring an additional 16,273 shares during the period. Institutional investors and hedge funds own 17.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SRFM. Piper Sandler boosted their price objective on Surf Air Mobility from $3.00 to $4.00 and gave the company an "overweight" rating in a research note on Tuesday, June 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Surf Air Mobility in a research note on Saturday, September 27th. Finally, Canaccord Genuity Group upped their target price on shares of Surf Air Mobility from $3.00 to $3.75 and gave the stock a "hold" rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.58.

Surf Air Mobility Company Profile

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.

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