Short Interest in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Drops By 12.1%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 635,100 shares, a decrease of 12.1% from the October 31st total of 722,900 shares. Based on an average trading volume of 204,100 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.9% of the company’s stock are sold short.

Bridger Aerospace Group Stock Performance

Shares of Bridger Aerospace Group stock opened at $2.75 on Friday. Bridger Aerospace Group has a 1 year low of $1.71 and a 1 year high of $7.82. The firm’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $3.18.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.15). The business had revenue of $64.51 million during the quarter.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target on shares of Bridger Aerospace Group from $5.25 to $5.75 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In related news, CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.59, for a total value of $48,513.29. Following the transaction, the chief financial officer now owns 481,269 shares in the company, valued at approximately $1,246,486.71. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James J. Muchmore sold 18,902 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $2.70, for a total value of $51,035.40. Following the sale, the executive vice president now owns 820,417 shares of the company’s stock, valued at approximately $2,215,125.90. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,614 shares of company stock worth $252,811 in the last 90 days. 76.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bridger Aerospace Group

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in Bridger Aerospace Group during the second quarter valued at $36,000. Bank of New York Mellon Corp bought a new stake in shares of Bridger Aerospace Group during the 2nd quarter valued at about $50,000. Barclays PLC raised its stake in Bridger Aerospace Group by 347.8% during the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after acquiring an additional 10,824 shares during the period. GM Advisory Group LLC bought a new position in Bridger Aerospace Group in the third quarter worth about $61,000. Finally, Aspiriant LLC bought a new position in Bridger Aerospace Group in the third quarter worth about $145,000. 48.94% of the stock is currently owned by institutional investors.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.