BigBear.ai Holdings, Inc. (NYSE:BBAI) Sees Large Decrease in Short Interest

BigBear.ai Holdings, Inc. (NYSE:BBAI) has experienced a notable decrease in short interest as of November 30, 2024. The total short interest stood at 17,520,000 shares, which marks a significant reduction of 13.2% from the previous total of 20,190,000 shares recorded on November 15. This equates to around 13.3% of the company's total shares being short sold. Given the average daily trading volume of 11,470,000 shares, the days-to-cover ratio is approximately 1.5 days.

Analysts Set New Price Targets

Recently, various equity analysts have updated their positions regarding BigBear.ai’s shares. HC Wainwright reaffirmed a "buy" rating with a price target of $3.00 in their report dated November 6. Additionally, Cantor Fitzgerald maintained an "overweight" rating with a price target of $3.50, also published on the same day.

Insider Buying and Selling

In a recent transaction, Bbai Ultimate Holdings, LLC, a director of BigBear.ai, sold 572,817 shares on October 15 at an average price of $1.78. This resulted in a total sale of approximately $1,019,614.26. Post-transaction, the director holds 143,713,297 shares, valued at around $255,809,668.66. This sale reflected a 0.40% decrease in their stock position, with insiders currently owning about 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several hedge funds have also altered their stakes in BigBear.ai. Fortis Group Advisors LLC increased its position by 26.9% in the second quarter, now possessing 66,735 shares valued at $101,000 after acquiring 14,134 additional shares. Price T. Rowe Associates made a new investment worth approximately $31,000 during the first quarter. XTX Topco Ltd raised its holding by 57.9% in the third quarter, owning 61,011 shares now valued at $89,000 after buying 22,363 additional shares. The Manufacturers Life Insurance Company also grew its stake by 135.0% in the second quarter, now with 41,073 shares valued at $62,000. Sovereign Financial Group Inc. made a new acquisition in the third quarter worth about $36,000. Currently, institutional investors and hedge funds hold around 7.55% of the stock.

BigBear.ai Stock Performance

As of the latest trading session, BigBear.ai's stock opened at $2.99. The company reports a debt-to-equity ratio of 2.08, a quick ratio of 2.06, and a current ratio of 2.06. The stock has shown a 50-day moving average of $2.05 and a 200-day moving average of $1.66. The shares have fluctuated between a 52-week low of $1.16 and a high of $4.80, with a market capitalization of $748 million, a PE ratio of -3.28, and a beta of 3.58.

In its latest earnings release on November 5, BigBear.ai reported earnings of ($0.05) per share, surpassing the consensus estimate of ($0.07) by $0.02. The revenue for the quarter was $41.51 million, compared to an estimated $45.04 million. The company reported a negative return on equity of 138.35% and a negative net margin of 109.90%. Year-over-year, revenue increased by 22.1%, marking an improvement from $0.03 EPS during the same period last year. Analysts anticipate that BigBear.ai will report -0.28 earnings per share for the current year.

About BigBear.ai

BigBear.ai Holdings, Inc. specializes in providing artificial intelligence-driven decision intelligence solutions. The company focuses on various sectors, including national security, supply chain management, and digital identity and biometrics. They offer a range of services including data ingestion, data enrichment, processing, machine learning, predictive analytics, and visualization.

BigBear.ai, short, interest