Blade Air Mobility, Inc. (NASDAQ:BLDE – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 3,890,000 shares, a drop of 5.6% from the August 31st total of 4,120,000 shares. Approximately 7.8% of the company’s stock are sold short. Based on an average daily volume of 556,600 shares, the short-interest ratio is currently 7.0 days.
Blade Air Mobility Stock Up 3.7 %
Shares of BLDE opened at $3.05 on Wednesday. The stock has a market cap of $235.91 million, a P/E ratio of -4.49 and a beta of 1.09. The business’s 50 day moving average price is $3.08 and its 200-day moving average price is $3.22. Blade Air Mobility has a 52 week low of $2.06 and a 52 week high of $4.24.
Blade Air Mobility (NASDAQ:BLDE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) earnings per share (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 during the quarter, compared to analysts’ expectations of $62.86 million. On average, equities analysts anticipate that Blade Air Mobility will post -0.36 EPS for the current year.
Institutional Trading of Blade Air Mobility
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.
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