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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 890,700 shares, a decrease of 27.6% from the May 15th total of 1,230,000 shares. Currently, 2.9% of the company's shares are short sold. Based on an average trading volume of 266,900 shares, the short-interest ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on Bridger Aerospace Group from $5.00 to $5.25 and gave the stock a "buy" rating in a research note on Wednesday, May 28th.

Institutional Investors Weigh In On Bridger Aerospace Group

Several large investors have recently bought and sold shares of the stock. Scratch Capital LLC purchased a new position in shares of Bridger Aerospace Group in the 4th quarter valued at about $29,000. BNP Paribas Financial Markets purchased a new position in shares of Bridger Aerospace Group in the 4th quarter valued at about $38,000. LPL Financial LLC purchased a new position in shares of Bridger Aerospace Group in the 4th quarter valued at about $64,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Bridger Aerospace Group by 61.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,001 shares of the company's stock valued at $37,000 after acquiring an additional 12,500 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Bridger Aerospace Group by 110.4% in the 4th quarter. JPMorgan Chase & Co. now owns 35,630 shares of the company's stock valued at $76,000 after acquiring an additional 18,695 shares during the last quarter. Hedge funds and other institutional investors own 48.94% of the company's stock.

Bridger Aerospace Group Trading Down 4.0%

BAER traded down $0.07 during mid-day trading on Friday, hitting $1.66. 113,545 shares of the stock were exchanged, compared to its average volume of 486,934. The firm's fifty day moving average is $1.57 and its two-hundred day moving average is $1.93. Bridger Aerospace Group has a 1-year low of $1.02 and a 1-year high of $4.44. The company has a market cap of $90.84 million, a PE ratio of -2.10 and a beta of 0.10.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.09. The company had revenue of $15.65 million for the quarter, compared to analysts' expectations of $6.00 million.

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.