Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Update

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 600,800 shares, a decrease of 10.4% from the November 30th total of 670,300 shares. Based on an average daily volume of 165,200 shares, the days-to-cover ratio is currently 3.6 days. Currently, 4.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new stake in Bridger Aerospace Group during the 2nd quarter valued at $36,000. JPMorgan Chase & Co. lifted its stake in Bridger Aerospace Group by 167.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock worth $38,000 after acquiring an additional 10,612 shares in the last quarter. Barclays PLC boosted its position in Bridger Aerospace Group by 347.8% during the 3rd 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. Bank of New York Mellon Corp purchased a new position in Bridger Aerospace Group during the 2nd quarter valued at about $50,000. Finally, GM Advisory Group LLC acquired a new position in shares of Bridger Aerospace Group in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price objective on Bridger Aerospace Group from $5.25 to $5.75 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Bridger Aerospace Group Stock Performance

Shares of Bridger Aerospace Group stock traded up $0.05 during trading on Tuesday, hitting $2.13. 114,993 shares of the stock were exchanged, compared to its average volume of 79,890. Bridger Aerospace Group has a 12 month low of $1.71 and a 12 month high of $7.27. The stock’s fifty day moving average is $2.85 and its 200 day moving average is $2.93. The stock has a market cap of $115.12 million, a PE ratio of -1.55 and a beta of -0.37.

Bridger Aerospace Group (NASDAQ:BAER) last posted its earnings results on Monday, November 11th. The company reported $0.31 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.

Bridger Aerospace Group Company Profile

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.