Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Up 22.6% in March

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,300,000 shares, an increase of 22.6% from the February 28th total of 1,060,000 shares. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is currently 0.9 days. Currently, 7.0% of the shares of the stock are sold short.

Bridger Aerospace Group Price Performance

Shares of BAER traded down $0.05 during trading hours on Friday, hitting $1.07. 187,617 shares of the company were exchanged, compared to its average volume of 448,125. The company has a market capitalization of $58.01 million, a PE ratio of -0.78 and a beta of -0.14. The firm has a fifty day simple moving average of $1.92 and a 200-day simple moving average of $2.41. Bridger Aerospace Group has a one year low of $1.04 and a one year high of $5.20.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.02). The company had revenue of $15.59 million during the quarter, compared to analyst estimates of $9.70 million. During the same period last year, the business earned ($0.67) EPS.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on shares of Bridger Aerospace Group from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 17th.

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Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in Bridger Aerospace Group in the 4th quarter valued at approximately $138,000. First Manhattan CO. LLC. increased its stake in shares of Bridger Aerospace Group by 3.8% in the fourth quarter. First Manhattan CO. LLC. now owns 1,379,705 shares of the company's stock worth $2,939,000 after acquiring an additional 50,000 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in Bridger Aerospace Group during the fourth quarter valued at $604,000. BNP Paribas Financial Markets acquired a new stake in Bridger Aerospace Group during the fourth quarter valued at $38,000. Finally, Northern Trust Corp grew its stake in Bridger Aerospace Group by 26.3% in the fourth quarter. Northern Trust Corp now owns 115,573 shares of the company's stock valued at $246,000 after purchasing an additional 24,067 shares in the last quarter. 48.94% of the stock is 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.