BigBear.ai Holdings, Inc. (NYSE:BBAI) Sees Significant Decline in Short Interest

BigBear.ai Holdings, Inc. (NYSE:BBAIGet Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 480,400 shares, a decrease of 47.0% from the March 15th total of 906,100 shares. Based on an average trading volume of 719,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.8% of the shares of the stock are short sold.

Shares of BigBear.ai stock traded down $0.06 during trading hours on Friday, reaching $12.63. The stock had a trading volume of 823,646 shares, compared to its average volume of 1,912,460. The business’s 50 day simple moving average is $7.66. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.94 and a quick ratio of 2.94. BigBear.ai has a 1 year low of $4.45 and a 1 year high of $16.12.

BigBear.ai (NYSE:BBAIGet Rating) last released its quarterly earnings data on Thursday, March 17th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.68). The firm had revenue of $33.48 million during the quarter, compared to the consensus estimate of $42.23 million. Research analysts anticipate that BigBear.ai will post -0.2 EPS for the current year.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded BigBear.ai from a “sell” rating to a “hold” rating in a research report on Thursday. William Blair assumed coverage on BigBear.ai in a research report on Wednesday, February 9th. They set a “market perform” rating on the stock. Finally, Oppenheimer assumed coverage on BigBear.ai in a research report on Monday, March 28th. They set an “outperform” rating and a $10.00 target price on the stock.

Several institutional investors have recently added to or reduced their stakes in BBAI. Glazer Capital LLC purchased a new position in shares of BigBear.ai in the 4th quarter worth about $39,142,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of BigBear.ai in the 4th quarter worth about $434,000. Gillson Capital LP purchased a new position in shares of BigBear.ai in the 4th quarter worth about $243,000. Wolverine Asset Management LLC purchased a new position in shares of BigBear.ai in the 4th quarter worth about $59,000. Finally, Penserra Capital Management LLC purchased a new position in shares of BigBear.ai in the 4th quarter worth about $44,000.

BigBear.ai Company Profile (Get Rating)

BigBear.ai Holdings, Inc provides analytics solutions defense, intelligence, and commercial markets. Its suite of subscription-based products enables customers to catalog, curate, manage, automate, and visualize data feeds. The company is headquartered in Columbia, Maryland.

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