Short Interest in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Increases By 5.5%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 670,300 shares, a growth of 5.5% from the November 15th total of 635,100 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average trading volume of 184,400 shares, the short-interest ratio is currently 3.6 days.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price 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.

Insider Transactions at Bridger Aerospace Group

In other news, EVP James J. Muchmore sold 18,902 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the transaction, the executive vice president now owns 820,417 shares of the company’s stock, valued at approximately $2,215,125.90. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 31,624 shares of company stock valued at $85,336 over the last ninety days. Insiders own 76.22% of the company’s stock.

Hedge Funds Weigh In On Bridger Aerospace Group

A number of large investors have recently added to or reduced their stakes in BAER. Barclays PLC grew its stake in Bridger Aerospace Group by 347.8% in the 3rd quarter. Barclays PLC now owns 13,936 shares of the company’s stock valued at $31,000 after buying an additional 10,824 shares during the last quarter. Rhumbline Advisers acquired a new position in Bridger Aerospace Group during the 2nd quarter valued at about $36,000. Bank of New York Mellon Corp purchased a new stake in shares of Bridger Aerospace Group in the second quarter worth $50,000. GM Advisory Group LLC bought a new position in shares of Bridger Aerospace Group during the 3rd quarter valued at $61,000. Finally, Aspiriant LLC purchased a new position in Bridger Aerospace Group during the 3rd quarter valued at about $145,000. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Stock Down 1.3 %

Shares of Bridger Aerospace Group stock opened at $2.33 on Monday. The stock has a market cap of $125.93 million, a PE ratio of -1.70 and a beta of -0.37. The business has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $3.06. Bridger Aerospace Group has a 12 month low of $1.71 and a 12 month high of $7.82.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results 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 for the quarter.

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.