Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAERW) Sees Significant Drop in Short Interest

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAERW) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 21,410 shares, a decline of 44.9% from the September 15th total of 38,824 shares. Based on an average daily trading volume, of 14,618 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Bridger Aerospace Group

A hedge fund recently bought a new position in Bridger Aerospace Group stock. State Street Corp purchased a new position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAERW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,280 shares of the company’s stock, valued at approximately $194,000.

Bridger Aerospace Group Stock Performance

Shares of Bridger Aerospace Group stock traded up $0.01 on Thursday, hitting $0.07. 2,225 shares of the company’s stock traded hands, compared to its average volume of 67,082. The firm’s 50-day moving average price is $0.14 and its two-hundred day moving average price is $0.25. Bridger Aerospace Group has a one year low of $0.05 and a one year high of $0.64.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group, Inc is an aerial firefighting and wildfire management company based in Bozeman, Montana. The company provides specialized aviation services to government agencies and other customers involved in wildfire response, including the detection, containment and suppression of wildfires.

Its operations include the use of aircraft and crews to deliver fire retardant and water, support aerial reconnaissance, and provide other incident-response capabilities. Bridger also offers aerial mapping, surveillance and related data services that can assist with emergency management, infrastructure monitoring and other public-safety applications.

Bridger Aerospace serves customers primarily in the United States, including federal and state agencies.