Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Down 10.4% in December

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) saw a significant decrease in short interest during 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. Approximately 4.3% of the shares of the company are short sold.

Bridger Aerospace Group Price Performance

NASDAQ:BAER traded up $0.01 during trading hours on Tuesday, reaching $2.09. The company had a trading volume of 90,451 shares, compared to its average volume of 79,831. The firm has a market cap of $112.96 million, a PE ratio of -1.53 and a beta of -0.37. Bridger Aerospace Group has a 1-year low of $1.71 and a 1-year high of $7.27. The business’s 50 day moving average price is $2.85 and its 200-day moving average price is $2.93.

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

Institutional Investors Weigh In On Bridger Aerospace Group

A number of institutional investors have recently modified their holdings of the business. Mill Creek Capital Advisors LLC purchased a new position in Bridger Aerospace Group during the third quarter worth approximately $433,000. Geode Capital Management LLC raised its stake in shares of Bridger Aerospace Group by 54.0% during the 3rd quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock worth $780,000 after buying an additional 123,158 shares during the period. Aspiriant LLC purchased a new position in shares of Bridger Aerospace Group during the 3rd quarter valued at approximately $145,000. Peterson Wealth Advisors LLC grew its stake in Bridger Aerospace Group by 20.0% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock valued at $518,000 after acquiring an additional 38,887 shares during the period. Finally, GM Advisory Group LLC purchased a new stake in Bridger Aerospace Group in the 3rd quarter worth $61,000. 48.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.