Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Down 30.4% in July

Key Points

• Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) experienced a significant decline in short interest, down 30.4% in July, bringing the total to 482,300 shares.
• Canaccord Genuity Group has increased its price target for Bridger Aerospace from $5.00 to $5.25 and maintains a "buy" rating for the stock.
• The company reported a quarterly loss of ($0.12) EPS, which was better than the analysts' consensus estimate, although revenue of $30.75 million missed expectations of $65.20 million.

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 482,300 shares, adropof30.4% from the July 15th total of 693,200 shares. Based on an average trading volume of 226,100 shares, the short-interest ratio is currently 2.1 days. Approximately1.6% of the shares of the company are short sold. Approximately1.6% of the shares of the company are short sold. Based on an average trading volume of 226,100 shares, the short-interest ratio is currently 2.1 days.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price objective on Bridger Aerospace Group from $5.00 to $5.25 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $5.25.

Bridger Aerospace Group Stock Up 6.3%

Shares of BAER stock traded up $0.12 on Friday, reaching $2.01. The company's stock had a trading volume of 109,547 shares, compared to its average volume of 267,436. Bridger Aerospace Group has a 12-month low of $1.02 and a 12-month high of $4.4350. The company has a market capitalization of $111.62 million, a P/E ratio of -3.47 and a beta of 0.16. The stock's 50 day simple moving average is $1.85 and its 200-day simple moving average is $1.71.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.16. The business had revenue of $30.75 million during the quarter, compared to analysts' expectations of $65.20 million. Bridger Aerospace Group has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Bridger Aerospace Group

Large investors have recently added to or reduced their stakes in the company. Kieckhefer Group LLC raised its position in Bridger Aerospace Group by 8,625.0% during the first quarter. Kieckhefer Group LLC now owns 174,500 shares of the company's stock valued at $197,000 after purchasing an additional 172,500 shares in the last quarter. Cerity Partners LLC raised its position in Bridger Aerospace Group by 456.6% during the fourth quarter. Cerity Partners LLC now owns 216,751 shares of the company's stock valued at $462,000 after purchasing an additional 177,811 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in Bridger Aerospace Group during the fourth quarter valued at about $604,000. Northern Trust Corp raised its position in Bridger Aerospace Group by 26.3% during the fourth quarter. Northern Trust Corp now owns 115,573 shares of the company's stock valued at $246,000 after purchasing an additional 24,067 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Bridger Aerospace Group during the fourth quarter valued at about $138,000. Hedge funds and other institutional investors own 48.94% of the company's stock.

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.