Short Interest in Inspirato Incorporated (NASDAQ:ISPO) Grows By 7.1%

Inspirato Incorporated (NASDAQ:ISPO) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 163,800 shares, a growth 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 currently 2.2 days. Approximately 1.5% of the company’s stock are sold short.

Insider Activity

In other Inspirato news, 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 transaction, the chief financial officer now owns 133,861 shares in the company, valued at approximately $535,444. This represents a 13.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Payam Zamani bought 1,580,180 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were bought at an average price of $5,420,020.00 per share, for a total transaction of $8,564,607,203,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,795,451 shares in the company, valued at approximately $15,151,400,329,020. This represents a 130.03 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Inspirato

A hedge fund recently bought a new stake in Inspirato stock. AXA S.A. bought a new position in shares of Inspirato Incorporated (NASDAQ:ISPO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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. Institutional investors and hedge funds own 39.54% of the company’s stock.

Inspirato Trading Down 1.2 %

Shares of Inspirato stock traded down $0.04 during trading hours on Monday, reaching $3.39. The stock had a trading volume of 50,525 shares, compared to its average volume of 239,347. Inspirato has a 1 year low of $3.11 and a 1 year high of $9.31. The firm has a market capitalization of $36.65 million, a price-to-earnings ratio of -0.77 and a beta of -0.14. The firm has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $3.98.

Inspirato (NASDAQ:ISPO) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $64.94 million. During the same period in the prior year, the firm earned ($6.26) earnings per share. Sell-side analysts forecast that Inspirato will post -2.35 EPS for the current year.

Inspirato Company Profile

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.