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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) saw a large decrease in short interest in 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. Approximately 4.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price 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.

Institutional Investors Weigh In On Bridger Aerospace Group

Several institutional investors have recently bought and sold shares of BAER. Rhumbline Advisers purchased a new position in Bridger Aerospace Group during the 2nd quarter worth $36,000. JPMorgan Chase & Co. boosted its holdings in Bridger Aerospace Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock worth $38,000 after purchasing an additional 10,612 shares during the last quarter. Barclays PLC grew its position in Bridger Aerospace Group by 347.8% in the 3rd quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after purchasing an additional 10,824 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Bridger Aerospace Group in the 2nd quarter valued at about $50,000. Finally, GM Advisory Group LLC bought a new position in shares of Bridger Aerospace Group during the 3rd quarter worth approximately $61,000. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Trading Up 2.4 %

NASDAQ BAER traded up $0.05 during mid-day trading on Wednesday, hitting $2.13. The company’s stock had a trading volume of 136,390 shares, compared to its average volume of 80,018. The company’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $2.90. The firm has a market capitalization of $115.12 million, a price-to-earnings ratio of -1.55 and a beta of -0.37. Bridger Aerospace Group has a twelve month low of $1.71 and a twelve month high of $7.27.

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