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

Key Points

• Bridger Aerospace Group Holdings, Inc. experienced a 27.6% decrease in short interest, dropping from 482,100 shares to 349,100 shares as of August 31st, indicating a reduction in bearish sentiment.
• Analysts have a consensus rating of "Buy" for Bridger Aerospace Group, with the price target raised from $5.00 to $5.25 by Canaccord Genuity Group.
• The company reported a loss of $0.12 per share in its recent earnings, surpassing expectations, but its revenue of $30.75 million fell short of the consensus estimate of $65.20 million.

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 349,100 shares, a drop of 27.6% from the August 15th total of 482,100 shares. Approximately 1.0% of the company's shares are short sold. Based on an average daily volume of 207,700 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 207,700 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.0% of the company's shares are short sold.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on shares of 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, Bridger Aerospace Group presently has a consensus rating of "Buy" and an average target price of $5.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Kieckhefer Group LLC grew its position in shares of Bridger Aerospace Group by 8,625.0% in the 1st quarter. Kieckhefer Group LLC now owns 174,500 shares of the company's stock valued at $197,000 after acquiring an additional 172,500 shares during the period. Northern Trust Corp grew its position in shares of Bridger Aerospace Group by 26.3% in the 4th quarter. Northern Trust Corp now owns 115,573 shares of the company's stock valued at $246,000 after acquiring an additional 24,067 shares during the period. Millennium Management LLC bought a new position in shares of Bridger Aerospace Group in the 4th quarter valued at about $138,000. Charles Schwab Investment Management Inc. grew its position 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 period. Finally, BNP Paribas Financial Markets bought a new position in shares of Bridger Aerospace Group in the 4th quarter valued at about $38,000. Institutional investors own 48.94% of the company's stock.

Bridger Aerospace Group Trading Down 3.7%

Bridger Aerospace Group stock opened at $1.82 on Tuesday. The company has a market cap of $101.06 million, a P/E ratio of -3.14 and a beta of 0.17. Bridger Aerospace Group has a 1-year low of $1.02 and a 1-year high of $4.44. The company has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $1.69.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.