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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 672,700 shares, a growth of 38.3% from the September 15th total of 486,500 shares. Based on an average trading volume of 89,600 shares, the days-to-cover ratio is presently 7.5 days. Approximately 5.2% of the shares of the stock are sold short.

Insider Buying and Selling at Bridger Aerospace Group

In other Bridger Aerospace Group news, CEO Samuel Carl Davis sold 19,323 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.56, for a total value of $49,466.88. Following the sale, the chief executive officer now owns 474,352 shares in the company, valued at $1,214,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Samuel Carl Davis sold 19,323 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.56, for a total value of $49,466.88. Following the completion of the transaction, the chief executive officer now owns 474,352 shares in the company, valued at $1,214,341.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James J. Muchmore sold 26,936 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $2.58, for a total transaction of $69,494.88. Following the sale, the executive vice president now directly owns 844,211 shares in the company, valued at $2,178,064.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,614 shares of company stock worth $252,811 over the last three months. Corporate insiders own 70.70% of the company’s stock.

Institutional Investors Weigh In On Bridger Aerospace Group

Large investors have recently made changes to their positions in the business. Peterson Wealth Advisors LLC purchased a new stake in Bridger Aerospace Group in the first quarter worth about $976,000. Bank of New York Mellon Corp purchased a new position in shares of Bridger Aerospace Group in the 2nd quarter valued at approximately $50,000. Finally, Rhumbline Advisers bought a new stake in shares of Bridger Aerospace Group during the second quarter valued at approximately $36,000. 48.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Canaccord Genuity Group initiated coverage on shares of Bridger Aerospace Group in a research note on Monday, June 24th. They issued a “buy” rating and a $5.50 target price for the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $5.25 price objective on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th.

Bridger Aerospace Group Trading Up 4.4 %

Shares of BAER stock traded up $0.09 during trading hours on Friday, hitting $2.14. 35,237 shares of the company’s stock were exchanged, compared to its average volume of 47,943. Bridger Aerospace Group has a 12-month low of $1.71 and a 12-month high of $7.82. The company has a market capitalization of $100.61 million, a PE ratio of -1.22 and a beta of -0.18. The business’s 50 day simple moving average is $2.63 and its 200-day simple moving average is $3.58.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.08). The company had revenue of $13.01 million during 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.