Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Sees Large Increase in Short Interest

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 685,800 shares, a growth of 14.1% from the December 31st total of 600,800 shares. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 4.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $6.00 target price on shares of Bridger Aerospace Group in a research note on Wednesday, January 15th.

Bridger Aerospace Group Trading Up 1.8 %

Shares of BAER stock opened at $2.81 on Monday. The stock has a 50 day simple moving average of $2.58 and a 200-day simple moving average of $2.77. The company has a market cap of $151.88 million, a price-to-earnings ratio of -2.05 and a beta of -0.29. Bridger Aerospace Group has a 12-month low of $1.71 and a 12-month high of $6.29.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings data 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 business had revenue of $64.51 million during the quarter.

Institutional Trading of Bridger Aerospace Group

A number of institutional investors have recently added to or reduced their stakes in BAER. Mill Creek Capital Advisors LLC acquired a new stake in shares of Bridger Aerospace Group during the 3rd quarter valued at approximately $433,000. Geode Capital Management LLC boosted its position in Bridger Aerospace Group by 54.0% during the third quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock worth $780,000 after purchasing an additional 123,158 shares in the last quarter. Aspiriant LLC acquired a new stake in Bridger Aerospace Group in the third quarter valued at $145,000. HighMark Wealth Management LLC purchased a new position in shares of Bridger Aerospace Group in the fourth quarter valued at $128,000. Finally, Peterson Wealth Advisors LLC raised its stake in shares of Bridger Aerospace Group by 20.0% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after buying an additional 38,887 shares during the last quarter. Hedge funds and other institutional investors own 48.94% of the company’s stock.

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.