Short Interest in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Decreases By 12.1%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 635,100 shares, a decline of 12.1% from the October 31st total of 722,900 shares. Based on an average daily trading volume, of 204,100 shares, the short-interest ratio is presently 3.1 days. Approximately 4.9% of the shares of the stock are short sold.

Bridger Aerospace Group Stock Performance

Shares of Bridger Aerospace Group stock traded up $0.01 during trading hours on Monday, reaching $2.76. 67,131 shares of the company were exchanged, compared to its average volume of 77,739. Bridger Aerospace Group has a 1 year low of $1.71 and a 1 year high of $7.82. The stock’s fifty day moving average is $2.81 and its 200 day moving average is $3.17. The firm has a market cap of $149.18 million, a PE ratio of -2.01 and a beta of -0.29.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.15). The firm had revenue of $64.51 million during the quarter.

Insider Buying and Selling

In other news, EVP James J. Muchmore sold 26,936 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $2.58, for a total transaction of $69,494.88. Following the transaction, the executive vice president now directly owns 844,211 shares in the company, valued at $2,178,064.38. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Samuel Carl Davis sold 19,323 shares of Bridger Aerospace Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.56, 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 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,614 shares of company stock worth $252,811. Insiders own 76.22% of the company’s stock.

Hedge Funds Weigh In On Bridger Aerospace Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Bridger Aerospace Group by 54.0% during the third quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock worth $780,000 after purchasing an additional 123,158 shares in the last quarter. Peterson Wealth Advisors LLC grew its stake in shares of Bridger Aerospace Group by 20.0% during the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after purchasing an additional 38,887 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new position in shares of Bridger Aerospace Group during the third quarter worth $433,000. Aspiriant LLC acquired a new position in shares of Bridger Aerospace Group during the third quarter worth $145,000. Finally, GM Advisory Group LLC acquired a new position in shares of Bridger Aerospace Group during the third quarter worth $61,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on Bridger Aerospace Group from $5.25 to $5.75 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

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.