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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 313,247 shares, a drop of 20.5% from the December 31st total of 394,048 shares. Based on an average trading volume of 1,133,959 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are short sold. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 1,133,959 shares, the days-to-cover ratio is presently 0.3 days.

Bridger Aerospace Group Stock Down 7.7%

BAER opened at $2.88 on Friday. Bridger Aerospace Group has a 52 week low of $1.02 and a 52 week high of $3.44. The business has a 50 day moving average price of $2.12 and a two-hundred day moving average price of $1.94. The company has a market cap of $159.96 million, a PE ratio of -5.54 and a beta of 0.14.

Bridger Aerospace Group (NASDAQ:BAER) last announced its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. Bridger Aerospace Group had a negative return on equity of 1.91% and a net margin of 4.96%.The company had revenue of $67.89 million for the quarter, compared to the consensus estimate of $48.40 million.

Analysts Set New Price Targets

BAER has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $5.25 target price on shares of Bridger Aerospace Group in a research report on Tuesday, November 25th. Weiss Ratings upgraded Bridger Aerospace Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Finally, Wall Street Zen cut Bridger Aerospace Group from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.25.

Insider Buying and Selling

In related news, Director Jeffrey E. Kelter purchased 200,000 shares of Bridger Aerospace Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average cost of $1.80 per share, with a total value of $360,000.00. Following the completion of the transaction, the director directly owned 627,800 shares in the company, valued at approximately $1,130,040. The trade was a 46.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bridger Aerospace Group

A number of large investors have recently bought and sold shares of BAER. Apollon Wealth Management LLC lifted its stake in shares of Bridger Aerospace Group by 34.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 39,000 shares of the company’s stock worth $72,000 after acquiring an additional 10,000 shares during the period. XTX Topco Ltd purchased a new position in Bridger Aerospace Group during the second quarter worth about $26,000. Stanley Laman Group Ltd. acquired a new stake in Bridger Aerospace Group in the fourth quarter valued at about $52,000. Centiva Capital LP purchased a new stake in Bridger Aerospace Group in the 3rd quarter valued at approximately $53,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Bridger Aerospace Group in the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

About Bridger Aerospace Group

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.