Inspirato Incorporated (NASDAQ:ISPO) Sees Large Growth in Short Interest

Inspirato Incorporated (NASDAQ:ISPO) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 163,800 shares, an increase of 7.1% from the October 15th total of 153,000 shares. Based on an average daily volume of 73,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.5% of the shares of the stock are sold short.

Inspirato Stock Performance

Shares of NASDAQ ISPO traded down $0.04 during mid-day trading on Monday, hitting $3.39. The stock had a trading volume of 33,385 shares, compared to its average volume of 239,310. The firm has a market cap of $36.65 million, a P/E ratio of -0.77 and a beta of -0.14. The business has a 50 day moving average price of $3.95 and a two-hundred day moving average price of $3.98. Inspirato has a 1 year low of $3.11 and a 1 year high of $9.31.

Inspirato (NASDAQ:ISPO) last issued its quarterly earnings data on Monday, October 28th. The company reported ($2.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.28). The firm had revenue of $69.11 million during the quarter, compared to analysts’ expectations of $64.94 million. During the same quarter in the prior year, the company posted ($6.26) EPS. Equities research analysts predict that Inspirato will post -2.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Brent L. Handler sold 41,536 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $4.00, for a total value of $166,144.00. Following the completion of the sale, the insider now owns 96,471 shares in the company, valued at $385,884. The trade was a 30.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert Kaiden sold 21,549 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $4.00, for a total transaction of $86,196.00. Following the completion of the sale, the chief financial officer now directly owns 133,861 shares of the company’s stock, valued at $535,444. This trade represents a 13.87 % decrease in their position. The disclosure for this sale can be found here. 42.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Inspirato stock. AXA S.A. purchased a new position in Inspirato Incorporated (NASDAQ:ISPO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 364,571 shares of the company’s stock, valued at approximately $1,276,000. AXA S.A. owned 5.57% of Inspirato as of its most recent SEC filing. Hedge funds and other institutional investors own 39.54% of the company’s stock.

About Inspirato

Inspirato Incorporated, together with its subsidiaries, operates as a subscription-based luxury travel company. The company's portfolio includes luxury vacation homes, and accommodations at luxury hotels and resorts, as well as luxury safaris, cruises, custom-designed itineraries, and other experiences.