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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) was the target of a large 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 trading volume of 1,330,000 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Bridger Aerospace Group

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Bridger Aerospace Group by 54.0% in the 3rd quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock worth $780,000 after purchasing an additional 123,158 shares during the last quarter. Mill Creek Capital Advisors LLC bought a new stake in shares of Bridger Aerospace Group in the 3rd quarter worth about $433,000. Barclays PLC increased its position in shares of 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 last quarter. JPMorgan Chase & Co. increased its position in shares of Bridger Aerospace Group by 167.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock worth $38,000 after purchasing an additional 10,612 shares during the last quarter. Finally, Peterson Wealth Advisors LLC increased its position in shares of Bridger Aerospace Group by 20.0% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after purchasing an additional 38,887 shares during the last quarter. Institutional investors and hedge funds own 48.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bridger Aerospace Group Trading Down 3.0 %

BAER stock traded down $0.07 during 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. Bridger Aerospace Group has a 1-year low of $1.71 and a 1-year high of $6.20. The company has a market capitalization of $120.53 million, a P/E ratio of -1.63 and a beta of -0.23. The firm has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.72.

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.