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

Blade Air Mobility, Inc. (NASDAQ:BLDEW) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 23,800 shares, a growth of 2,280.0% from the February 29th total of 1,000 shares. Based on an average daily volume of 25,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Blade Air Mobility stock. Walleye Capital LLC raised its stake in Blade Air Mobility, Inc. (NASDAQ:BLDEW) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,002,566 shares of the company’s stock after purchasing an additional 232,247 shares during the quarter. Walleye Capital LLC’s holdings in Blade Air Mobility were worth $1,269,000 at the end of the most recent reporting period.

Blade Air Mobility Price Performance

NASDAQ BLDEW opened at $0.10 on Friday. Blade Air Mobility has a twelve month low of $0.07 and a twelve month high of $0.85. The stock has a 50-day simple moving average of $0.15 and a 200 day simple moving average of $0.24.

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.