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Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Rating) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 3,580,000 shares, a drop of 15.0% from the August 15th total of 4,210,000 shares. Currently, 7.7% of the company's stock are short sold. Based on an average trading volume of 500,900 shares, the days-to-cover ratio is presently 7.1 days. Blade Air Mobility Stock Performance

Shares of BLDE stock opened at $4.79 on Friday. Blade Air Mobility has a one year low of $4.16 and a one year high of $11.99. The company's 50-day moving average is $5.39 and its 200 day moving average is $6.51. The company has a market capitalization of $339.47 million, a price-to-earnings ratio of -18.42 and a beta of 0.40. Insider Buying and Selling

In related news, Director Kenneth B. Lerer sold 126,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $6.42, for a total value of $808,920.00. Following the completion of the transaction, the director now directly owns 101,258 shares in the company, valued at approximately $650,076.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Kenneth B. Lerer sold 126,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $6.42, for a total value of $808,920.00. Following the completion of the transaction, the director now directly owns 101,258 shares in the company, valued at approximately $650,076.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amir Cohen sold 4,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $6.29, for a total transaction of $25,160.00. Following the sale, the chief accounting officer now directly owns 61,034 shares in the company, valued at $383,903.86. The disclosure for this sale can be found here. Insiders sold a total of 214,826 shares of company stock worth $1,301,777 in the last three months. 19.20% of the stock is owned by corporate insiders. Institutional Trading of Blade Air Mobility

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in Blade Air Mobility during the 2nd quarter valued at about $27,000. Arizona State Retirement System purchased a new stake in Blade Air Mobility during the 2nd quarter valued at about $51,000. Strs Ohio purchased a new stake in shares of Blade Air Mobility during the 2nd quarter valued at about $58,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Blade Air Mobility during the 2nd quarter valued at about $72,000. Finally, Sciencast Management LP purchased a new stake in shares of Blade Air Mobility during the 1st quarter valued at about $132,000. 55.57% of the stock is owned by hedge funds and other institutional investors. Blade Air Mobility Company Profile (Get Rating)

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.See AlsoGet a free copy of the StockNews.com research report on Blade Air Mobility (BLDE)Stock Market: 3 Islands Of Strength In A Sea Of Red3 Banks Worth Considering For Q4No One Told These 3 Stocks It’s a Down WeekMarketBeat: Week in Review 9/12 – 9/16Is There a Cure for What is Ailing Teladoc Stock?

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