Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Sees Large Increase in Short Interest

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 221,100 shares, an increase of 5.1% from the March 31st total of 210,400 shares. Based on an average daily trading volume, of 21,600 shares, the short-interest ratio is currently 10.2 days. Approximately 0.5% of the company's shares are short sold.

Hedge Funds Weigh In On Bridger Aerospace Group

An institutional investor recently bought a new position in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC acquired a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 194,436 shares of the company's stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned approximately 0.43% of Bridger Aerospace Group at the end of the most recent reporting period. Institutional investors own 48.94% of the company's stock.

Bridger Aerospace Group Stock Up 4.8 %

Shares of NASDAQ BAER traded up $0.20 during midday trading on Wednesday, hitting $4.25. The stock had a trading volume of 15,662 shares, compared to its average volume of 20,808. The company has a market capitalization of $190.35 million, a price-to-earnings ratio of -10.35 and a beta of -0.24. Bridger Aerospace Group has a 1-year low of $3.80 and a 1-year high of $9.19. The company has a fifty day moving average price of $4.95 and a 200 day moving average price of $5.48.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.80) earnings per share for the quarter. The firm had revenue of $1.11 million during the quarter.

Bridger Aerospace Group Company Profile

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.