BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 993,400 shares, a growth of 106.8% from the March 31st total of 480,400 shares. Approximately 7.9% of the shares of the stock are sold short. Based on an average daily volume of 810,500 shares, the short-interest ratio is currently 1.2 days.
Several large investors have recently modified their holdings of the business. Glazer Capital LLC bought a new stake in shares of BigBear.ai in the 4th quarter worth about $39,142,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of BigBear.ai in the 4th quarter worth about $434,000. Gillson Capital LP bought a new stake in shares of BigBear.ai in the 4th quarter worth about $243,000. Wolverine Asset Management LLC bought a new stake in shares of BigBear.ai in the 4th quarter worth about $59,000. Finally, Penserra Capital Management LLC bought a new stake in shares of BigBear.ai in the 4th quarter worth about $44,000.
Shares of NYSE:BBAI opened at $10.43 on Friday. BigBear.ai has a 52 week low of $4.45 and a 52 week high of $16.12. The business has a fifty day simple moving average of $8.68. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.94 and a quick ratio of 2.94.
Several research firms recently weighed in on BBAI. William Blair began coverage on shares of BigBear.ai in a research note on Wednesday, February 9th. They set a “market perform” rating for the company. Oppenheimer began coverage on shares of BigBear.ai in a research note on Monday, March 28th. They set an “outperform” rating and a $10.00 target price for the company. Finally, Zacks Investment Research raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st.
About BigBear.ai (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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