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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,300,000 shares, a growth of 22.6% from the February 28th total of 1,060,000 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Bridger Aerospace Group

Several large investors have recently bought and sold shares of BAER. Barclays PLC boosted its stake 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 valued at $31,000 after purchasing an additional 10,824 shares during the period. Geode Capital Management LLC boosted its position in Bridger Aerospace Group by 54.0% in the 3rd quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock valued at $780,000 after buying an additional 123,158 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Bridger Aerospace Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock worth $38,000 after acquiring an additional 10,612 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Bridger Aerospace Group during the fourth quarter worth about $72,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Bridger Aerospace Group in the fourth quarter worth about $128,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price target on Bridger Aerospace Group from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, March 17th.

Bridger Aerospace Group Price Performance

NASDAQ:BAER opened at $1.13 on Tuesday. The firm has a market cap of $61.27 million, a PE ratio of -0.82 and a beta of -0.14. Bridger Aerospace Group has a 1-year low of $1.09 and a 1-year high of $5.20. The firm has a 50 day simple moving average of $2.09 and a 200-day simple moving average of $2.46.

Bridger Aerospace Group (NASDAQ:BAER) last posted its earnings results on Monday, March 17th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The company had revenue of $15.59 million for the quarter, compared to analysts’ expectations of $9.70 million. During the same period in the previous year, the business posted ($0.67) earnings per share.

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.