Short Interest in BigBear.ai Holdings, Inc. (NYSE:BBAI) Grows By 106.8%

BigBear.ai Holdings, Inc. (NYSE:BBAIGet 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.

BigBear.ai (NYSE:BBAIGet Rating) last issued 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 business had revenue of $33.48 million for the quarter, compared to analyst estimates of $42.23 million. As a group, research analysts expect that BigBear.ai will post -0.2 EPS for the current fiscal year.

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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