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

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

Insider Buying and Selling

In other Bridger Aerospace Group news, EVP James J. Muchmore sold 26,936 shares of the stock in a transaction 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 sale, the executive vice president now owns 844,211 shares of the company’s stock, valued at approximately $2,178,064.38. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Samuel Carl Davis sold 19,323 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $2.56, for a total value of $49,466.88. Following the sale, the chief executive officer now directly owns 474,352 shares in the company, valued at $1,214,341.12. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,614 shares of company stock valued at $252,811 over the last quarter. 76.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bridger Aerospace Group

A number of institutional investors have recently modified their holdings of BAER. Barclays PLC raised its stake in shares of Bridger Aerospace Group by 347.8% during the 3rd quarter. Barclays PLC now owns 13,936 shares of the company’s stock valued at $31,000 after buying an additional 10,824 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Bridger Aerospace Group during the 2nd quarter valued at about $36,000. Bank of New York Mellon Corp purchased a new position in shares of Bridger Aerospace Group during the 2nd quarter valued at about $50,000. GM Advisory Group LLC purchased a new position in shares of Bridger Aerospace Group during the 3rd quarter valued at about $61,000. Finally, Aspiriant LLC purchased a new position in shares of Bridger Aerospace Group during the 3rd quarter valued at about $145,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased 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 Stock Up 0.4 %

Shares of Bridger Aerospace Group stock traded up $0.01 during trading on Monday, reaching $2.76. The company’s stock had a trading volume of 67,131 shares, compared to its average volume of 77,739. The company has a market cap of $149.18 million, a price-to-earnings ratio of -2.01 and a beta of -0.29. Bridger Aerospace Group has a 1-year low of $1.71 and a 1-year high of $7.82. The company has a 50-day simple moving average of $2.81 and a two-hundred day simple moving average of $3.17.

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

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.