Short Interest in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Declines By 32.8%

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,170,000 shares, a decline of 32.8% from the January 15th total of 1,740,000 shares. Currently, 6.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Bridger Aerospace Group in a research report on Wednesday, January 15th.

Bridger Aerospace Group Stock Performance

BAER stock traded down $0.07 during midday trading on Friday, reaching $2.23. The stock had a trading volume of 159,681 shares, compared to its average volume of 3,804,020. The firm has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $2.72. Bridger Aerospace Group has a 52-week low of $1.71 and a 52-week high of $6.20.

Hedge Funds Weigh In On Bridger Aerospace Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scratch Capital LLC acquired a new stake in shares of Bridger Aerospace Group in the fourth quarter worth $29,000. Barclays PLC raised its holdings in Bridger Aerospace Group by 347.8% in the 3rd quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after purchasing an additional 10,824 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Bridger Aerospace Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock worth $38,000 after purchasing an additional 10,612 shares in the last quarter. GM Advisory Group LLC purchased a new stake in shares of Bridger Aerospace Group during the third quarter worth about $61,000. Finally, LPL Financial LLC acquired a new stake in Bridger Aerospace Group during the 4th quarter worth $64,000. 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.