Bridge Investment Group Holdings Inc (NYSE:BRDG) Short Interest Update

Bridge Investment Group Holdings Inc (NYSE:BRDG) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 281,100 shares, an increase of 458.8% from the September 15th total of 50,300 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 452,300 shares, the short-interest ratio is currently 0.6 days.

BRDG traded down $0.05 during trading on Thursday, hitting $16.92. 909 shares of the company traded hands, compared to its average volume of 191,025. The stock has a 50-day moving average price of $17.63. Bridge Investment Group has a 1 year low of $14.05 and a 1 year high of $19.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.20.

Bridge Investment Group (NYSE:BRDG) last posted its earnings results on Tuesday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The company had revenue of $71.97 million for the quarter. On average, equities research analysts forecast that Bridge Investment Group will post 0.72 earnings per share for the current year.

BRDG has been the topic of several analyst reports. Citigroup initiated coverage on shares of Bridge Investment Group in a research note on Tuesday, August 10th. They issued a “buy” rating and a $18.00 target price on the stock. UBS Group started coverage on shares of Bridge Investment Group in a research report on Tuesday, August 10th. They set a “neutral” rating and a $16.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Bridge Investment Group in a research report on Tuesday, August 10th. They issued an “overweight” rating and a $19.00 price target on the stock. Morgan Stanley increased their price target on shares of Bridge Investment Group from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, August 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Bridge Investment Group in a research report on Tuesday, August 10th. They issued an “overweight” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bridge Investment Group currently has a consensus rating of “Buy” and a consensus price target of $18.60.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines operating platform with investment professionals focused on real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies and agency mortgage backed securities.

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