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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 685,800 shares, a growth of 14.1% from the December 31st total of 600,800 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 0.7 days. Approximately 4.9% of the shares of the company are short sold.

Bridger Aerospace Group Stock Down 1.4 %

Shares of BAER stock traded down $0.04 during mid-day trading on Wednesday, reaching $2.56. The stock had a trading volume of 241,495 shares, compared to its average volume of 3,513,996. Bridger Aerospace Group has a one year low of $1.71 and a one year high of $6.20. The firm has a market cap of $138.09 million, a PE ratio of -1.86 and a beta of -0.23. The firm's 50 day simple moving average is $2.58 and its 200 day simple moving average is $2.76.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Bridger Aerospace Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Aspiriant LLC bought a new stake in shares of Bridger Aerospace Group during the third quarter worth $145,000. Peterson Wealth Advisors LLC grew its position in shares of 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 buying an additional 38,887 shares during the period. Mill Creek Capital Advisors LLC bought a new stake in shares of Bridger Aerospace Group during the third quarter worth approximately $433,000. GM Advisory Group LLC acquired a new position in Bridger Aerospace Group in the third quarter valued at approximately $61,000. Finally, Barclays PLC boosted its stake in Bridger Aerospace Group by 347.8% in the third quarter. Barclays PLC now owns 13,936 shares of the company's stock valued at $31,000 after acquiring an additional 10,824 shares during the last quarter. 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.