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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 361,771 shares, a drop of 42.8% from the November 30th total of 632,667 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 463,198 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 463,198 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BAER. Canaccord Genuity Group reiterated a “buy” rating and issued a $5.25 target price on shares of Bridger Aerospace Group in a research report on Tuesday, November 25th. Wall Street Zen downgraded shares of Bridger Aerospace Group from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Bridger Aerospace Group in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.25.

Insider Buying and Selling

In other news, Director Jeffrey E. Kelter acquired 200,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average cost of $1.80 per share, with a total value of $360,000.00. Following the completion of the acquisition, the director directly owned 627,800 shares in the company, valued at $1,130,040. This represents a 46.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 19.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Bridger Aerospace Group in the second quarter valued at approximately $26,000. Charles Schwab Investment Management Inc. grew its holdings in Bridger Aerospace Group by 61.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,001 shares of the company’s stock worth $37,000 after buying an additional 12,500 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Bridger Aerospace Group in the 1st quarter valued at approximately $41,000. Centiva Capital LP bought a new stake in Bridger Aerospace Group during the 3rd quarter valued at $53,000. Finally, Apollon Wealth Management LLC boosted its position in Bridger Aerospace Group by 34.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 39,000 shares of the company’s stock worth $72,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Stock Performance

Shares of NASDAQ BAER opened at $1.70 on Friday. Bridger Aerospace Group has a 12-month low of $1.02 and a 12-month high of $4.44. The company has a market cap of $94.42 million, a price-to-earnings ratio of -3.27 and a beta of 0.15. The stock’s 50 day simple moving average is $1.74 and its 200 day simple moving average is $1.81.

Bridger Aerospace Group (NASDAQ:BAER) last issued its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Bridger Aerospace Group had a negative return on equity of 1.91% and a net margin of 4.96%.The firm had revenue of $67.89 million for the quarter, compared to analyst estimates of $48.40 million.

About Bridger Aerospace Group

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.