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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,170,000 shares, a drop of 32.8% from the January 15th total of 1,740,000 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 0.9 days. Approximately 6.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a $6.00 target price on shares of Bridger Aerospace Group in a research report on Wednesday, January 15th.

Bridger Aerospace Group Stock Up 1.3 %

Shares of NASDAQ:BAER traded up $0.03 during midday trading on Tuesday, hitting $2.26. The stock had a trading volume of 537,638 shares, compared to its average volume of 2,666,001. The company's 50-day moving average price is $2.53 and its 200-day moving average price is $2.71. Bridger Aerospace Group has a fifty-two week low of $1.71 and a fifty-two week high of $6.20. The company has a market capitalization of $122.15 million, a P/E ratio of -1.65 and a beta of -0.23.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BAER. Aspiriant LLC bought a new position in shares of Bridger Aerospace Group in the 3rd quarter valued at $145,000. Peterson Wealth Advisors LLC boosted its stake 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 valued at $518,000 after buying an additional 38,887 shares in the last quarter. Mill Creek Capital Advisors LLC bought a new position in Bridger Aerospace Group in the third quarter valued at about $433,000. GM Advisory Group LLC acquired a new position in Bridger Aerospace Group during the third quarter worth about $61,000. Finally, Barclays PLC lifted its holdings in shares of 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 acquiring an additional 10,824 shares during the last quarter. 48.94% of the stock is currently owned by institutional investors and hedge funds.

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.