Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Update

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 710,700 shares, a growth of 5.6% from the September 30th total of 672,700 shares. Approximately 5.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 153,200 shares, the days-to-cover ratio is currently 4.6 days.

Insider Buying and Selling

In other Bridger Aerospace Group news, EVP James J. Muchmore sold 18,902 shares of Bridger Aerospace Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total transaction of $51,035.40. Following the completion of the transaction, the executive vice president now directly owns 820,417 shares of the company’s stock, valued at approximately $2,215,125.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Bridger Aerospace Group news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.58, for a total value of $69,494.88. Following the completion of the transaction, the executive vice president now owns 844,211 shares in the company, valued at approximately $2,178,064.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James J. Muchmore sold 18,902 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the sale, the executive vice president now owns 820,417 shares in the company, valued at $2,215,125.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,614 shares of company stock worth $252,811 in the last 90 days. 76.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bridger Aerospace Group

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers bought a new position in Bridger Aerospace Group during the second quarter worth about $36,000. Bank of New York Mellon Corp acquired a new position in Bridger Aerospace Group during the second quarter valued at approximately $50,000. Aspiriant LLC bought a new stake in Bridger Aerospace Group in the third quarter valued at approximately $145,000. Finally, Peterson Wealth Advisors LLC raised its holdings in Bridger Aerospace Group by 20.0% in the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after purchasing an additional 38,887 shares during the period. 48.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a $5.25 price objective on shares of Bridger Aerospace Group in a report on Tuesday, August 13th.

Bridger Aerospace Group Trading Up 0.3 %

Shares of NASDAQ:BAER opened at $3.39 on Friday. Bridger Aerospace Group has a 1-year low of $1.71 and a 1-year high of $7.82. The stock has a market capitalization of $180.25 million, a P/E ratio of -2.22 and a beta of -0.18. The business has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $3.39.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.08). The company had revenue of $13.01 million for the quarter.

About Bridger Aerospace Group

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.