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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 600,800 shares, a decrease of 10.4% from the November 30th total of 670,300 shares. Based on an average daily trading volume, of 165,200 shares, the days-to-cover ratio is presently 3.6 days. Currently, 4.3% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on shares of Bridger Aerospace Group from $5.25 to $5.75 and gave the stock a "buy" rating in a report on Wednesday, November 13th.

Institutional Trading of Bridger Aerospace Group

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Bridger Aerospace Group by 167.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company's stock worth $38,000 after purchasing an additional 10,612 shares during the last quarter. Barclays PLC increased its position in Bridger Aerospace Group by 347.8% in the third quarter. Barclays PLC now owns 13,936 shares of the company's stock worth $31,000 after buying an additional 10,824 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Bridger Aerospace Group by 54.0% in the third quarter. Geode Capital Management LLC now owns 351,374 shares of the company's stock valued at $780,000 after buying an additional 123,158 shares during the period. GM Advisory Group LLC purchased a new position in shares of Bridger Aerospace Group during the 3rd quarter valued at $61,000. Finally, Mill Creek Capital Advisors LLC bought a new position in shares of Bridger Aerospace Group during the 3rd quarter worth $433,000. Institutional investors own 48.94% of the company's stock.

Bridger Aerospace Group Price Performance

Shares of NASDAQ BAER traded up $0.05 during midday trading on Tuesday, reaching $2.13. The company's stock had a trading volume of 136,390 shares, compared to its average volume of 80,018. The stock has a market capitalization of $115.12 million, a P/E ratio of -1.55 and a beta of -0.37. The firm has a 50 day moving average price of $2.79 and a 200-day moving average price of $2.90. Bridger Aerospace Group has a 12-month low of $1.71 and a 12-month high of $7.27.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.15). The business had revenue of $64.51 million during 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.