Overview

• Shares jumped 21% to $5.06 on June 24 without new announcements, driving volume above 219 million shares
• The rally was intensified by over 29% short interest, pointing to a potential short squeeze
• BigBear.ai’s biometric passenger processing software is now live at JFK, LAX and Chicago O’Hare in partnership with U.S. Customs and Border Protection
• On June 11 the company announced a strategic tie-up with Easy Lease PJSC to expand AI development and deployment in the United Arab Emirates
• After slipping 6.69% to $4.88 on June 25, analysts held a cautious consensus price target of $4.63 and noted first-quarter revenue and earnings missed estimates