Wheels Up Experience Inc. (NYSE:UP) Short Interest Down 95.6% in April

Wheels Up Experience Inc. (NYSE:UPGet Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 674,804 shares, a drop of 95.6% from the April 15th total of 15,387,310 shares. Based on an average trading volume of 202,521 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.9% of the company’s stock are sold short.

Wheels Up Experience Price Performance

UP traded down $0.84 during trading hours on Monday, hitting $5.17. 425,325 shares of the stock were exchanged, compared to its average volume of 209,740. The stock has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $14.22. Wheels Up Experience has a 12 month low of $4.69 and a 12 month high of $70.00. The stock has a market cap of $187.35 million, a price-to-earnings ratio of -0.62 and a beta of 1.86.

Wheels Up Experience (NYSE:UPGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($2.29) earnings per share (EPS) for the quarter. The company had revenue of $168.92 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP bought a new stake in Wheels Up Experience in the second quarter valued at $25,000. Creative Planning bought a new stake in Wheels Up Experience in the second quarter valued at $25,000. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience in the third quarter valued at $25,000. Beck Mack & Oliver LLC bought a new stake in Wheels Up Experience in the second quarter valued at $27,000. Finally, Rooted Wealth Advisors Inc. lifted its stake in Wheels Up Experience by 80.2% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after buying an additional 20,041 shares during the last quarter. 98.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Wheels Up Experience

About Wheels Up Experience

(Get Free Report)

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.

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