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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 670,300 shares, an increase of 5.5% from the November 15th total of 635,100 shares. Based on an average daily volume of 184,400 shares, the days-to-cover ratio is currently 3.6 days. Approximately 5.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Bridger Aerospace Group Stock Down 1.3 %

BAER opened at $2.33 on Monday. The firm has a market cap of $125.93 million, a P/E ratio of -1.70 and a beta of -0.37. Bridger Aerospace Group has a 52 week low of $1.71 and a 52 week high of $7.82. The business’s fifty day simple moving average is $2.86 and its 200 day simple moving average is $3.06.

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

Insider Transactions at Bridger Aerospace Group

In related news, EVP James J. Muchmore sold 18,902 shares of Bridger Aerospace Group stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total transaction of $51,035.40. Following the completion of the transaction, the executive vice president now directly owns 820,417 shares in the company, valued at approximately $2,215,125.90. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 31,624 shares of company stock worth $85,336. 76.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bridger Aerospace Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in shares of Bridger Aerospace Group during the second quarter worth $36,000. Bank of New York Mellon Corp bought a new stake in shares of Bridger Aerospace Group in the second quarter valued at about $50,000. Barclays PLC increased its stake in shares of 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 purchasing an additional 10,824 shares during the last quarter. GM Advisory Group LLC acquired a new position in shares of Bridger Aerospace Group during the third quarter worth $61,000. Finally, Aspiriant LLC acquired a new stake in Bridger Aerospace Group during the 3rd quarter worth about $145,000. 48.94% of the stock is owned by institutional investors and hedge funds.

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.