Short Interest in BigBear.ai Holdings, Inc. (NYSE:BBAI) Expands By 9.4%

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 23,040,000 shares, an increase of 9.4% from the August 15th total of 21,060,000 shares. Based on an average daily trading volume, of 4,600,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 23.9% of the company’s shares are short sold.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of BigBear.ai in the 4th quarter worth $26,000. Aristides Capital LLC acquired a new position in shares of BigBear.ai during the fourth quarter valued at about $308,000. Avondale Wealth Management bought a new stake in shares of BigBear.ai during the first quarter worth about $33,000. Fortis Group Advisors LLC acquired a new stake in shares of BigBear.ai in the 1st quarter worth about $108,000. Finally, Hartline Investment Corp bought a new position in BigBear.ai in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Stock Down 2.5 %

Shares of BigBear.ai stock traded down $0.04 during trading on Wednesday, reaching $1.56. 2,112,948 shares of the company traded hands, compared to its average volume of 7,094,051. The firm has a market capitalization of $383.88 million, a PE ratio of -1.75 and a beta of 3.51. BigBear.ai has a 1-year low of $1.16 and a 1-year high of $4.80. The company has a 50 day moving average price of $1.47 and a 200-day moving average price of $1.67. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The firm had revenue of $39.78 million for the quarter, compared to analyst estimates of $46.55 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. HC Wainwright lowered their target price on shares of BigBear.ai from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, August 21st.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.