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 large increase in short interest in October. As of October 15th, there was short interest totalling 710,700 shares, an increase of 5.6% from the September 30th total of 672,700 shares. Based on an average daily volume of 153,200 shares, the short-interest ratio is presently 4.6 days. Currently, 5.5% of the shares of the company are sold short.

Bridger Aerospace Group Trading Up 1.2 %

BAER traded up $0.04 on Thursday, hitting $3.38. 79,333 shares of the company's stock were exchanged, compared to its average volume of 67,925. The firm has a 50-day moving average price of $2.59 and a 200-day moving average price of $3.40. The stock has a market cap of $179.70 million, a price-to-earnings ratio of -2.21 and a beta of -0.18. Bridger Aerospace Group has a fifty-two week low of $1.71 and a fifty-two week high of $7.82.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.08). The business had revenue of $13.01 million for the quarter.

Analysts Set New Price Targets

Separately, 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, August 13th.

Insiders Place Their Bets

In other news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.58, for a total transaction of $69,494.88. Following the completion of the transaction, the executive vice president now directly owns 844,211 shares of the company's stock, valued at $2,178,064.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP James J. Muchmore sold 26,936 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $2.58, for a total transaction of $69,494.88. Following the sale, the executive vice president now owns 844,211 shares in the company, valued at approximately $2,178,064.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Samuel Carl Davis sold 19,323 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.56, for a total transaction of $49,466.88. Following the sale, the chief executive officer now directly owns 474,352 shares in the company, valued at approximately $1,214,341.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,614 shares of company stock worth $252,811. Corporate insiders own 76.22% of the company's stock.

Institutional Trading of Bridger Aerospace Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in Bridger Aerospace Group in the second quarter valued at $36,000. Bank of New York Mellon Corp acquired a new position in Bridger Aerospace Group during the second quarter worth $50,000. Peterson Wealth Advisors LLC lifted its stake in Bridger Aerospace Group by 20.0% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company's stock worth $518,000 after acquiring an additional 38,887 shares in the last quarter. Finally, Aspiriant LLC purchased a new position in shares of Bridger Aerospace Group in the third quarter valued at approximately $145,000. Institutional investors and hedge funds own 48.94% of the company's stock.

Bridger Aerospace Group Company Profile

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.