Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Down 10.4% in September

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 486,500 shares, a drop of 10.4% from the August 31st total of 542,700 shares. Based on an average daily trading volume, of 98,500 shares, the days-to-cover ratio is currently 4.9 days. Approximately 3.8% of the shares of the stock are short sold.

Insider Buying and Selling

In other Bridger Aerospace Group news, EVP James J. Muchmore sold 18,902 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total transaction of $51,035.40. Following the completion of the transaction, the executive vice president now directly owns 820,417 shares in the company, valued at $2,215,125.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.58, for a total value of $69,494.88. Following the completion of the sale, the executive vice president now directly owns 844,211 shares in the company, valued at $2,178,064.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James J. Muchmore sold 18,902 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the sale, the executive vice president now directly owns 820,417 shares of the company’s stock, valued at $2,215,125.90. The disclosure for this sale can be found here. Insiders sold 96,614 shares of company stock worth $252,811 in the last 90 days. 70.70% of the stock is owned by company insiders.

Institutional Trading of Bridger Aerospace Group

Institutional investors have recently modified their holdings of the stock. Peterson Wealth Advisors LLC bought a new position in shares of Bridger Aerospace Group in the first quarter worth $976,000. Bank of New York Mellon Corp acquired a new stake in Bridger Aerospace Group during the 2nd quarter worth about $50,000. Finally, Rhumbline Advisers bought a new position in shares of Bridger Aerospace Group in the 2nd quarter worth about $36,000. 48.94% of the stock is currently owned by institutional investors.

Bridger Aerospace Group Stock Down 2.7 %

Shares of BAER stock opened at $2.16 on Tuesday. Bridger Aerospace Group has a 12 month low of $1.71 and a 12 month high of $8.78. The company’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $3.76. The firm has a market cap of $101.55 million, a PE ratio of -1.27 and a beta of -0.16.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.08). The business had revenue of $13.01 million during the quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $5.25 target price on shares of Bridger Aerospace Group in a research report on Tuesday, August 13th. Canaccord Genuity Group started coverage on Bridger Aerospace Group in a report on Monday, June 24th. They set a “buy” rating and a $5.50 price objective for the company.

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.