Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Sees Significant Decrease in Short Interest

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 702,655 shares, a decline of 54.9% from the April 15th total of 1,556,869 shares. Based on an average daily volume of 842,599 shares, the short-interest ratio is presently 0.8 days. Approximately 7.4% of the company’s shares are sold short.

Bullfrog AI Stock Down 1.6%

Shares of Bullfrog AI stock traded down $0.01 on Friday, hitting $0.61. 111,949 shares of the company traded hands, compared to its average volume of 7,998,234. The company has a 50-day moving average price of $0.81 and a 200 day moving average price of $0.84. Bullfrog AI has a 12-month low of $0.43 and a 12-month high of $2.04. The company has a market cap of $7.67 million, a PE ratio of -0.96 and a beta of -3.00.

Bullfrog AI (NASDAQ:BFRG) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.12) EPS for the quarter.

Analysts Set New Price Targets

Several research firms have weighed in on BFRG. Wall Street Zen upgraded shares of Bullfrog AI to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Bullfrog AI in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Bullfrog AI

Several institutional investors and hedge funds have recently modified their holdings of the stock. J. Safra Sarasin Holding AG purchased a new position in shares of Bullfrog AI during the 1st quarter valued at $191,000. DRW Securities LLC purchased a new position in shares of Bullfrog AI during the 4th quarter valued at $90,000. Finally, Anson Funds Management LP purchased a new position in shares of Bullfrog AI during the 3rd quarter valued at $113,000. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

About Bullfrog AI

Bullfrog AI, Inc (NASDAQ: BFRG) is a technology company specializing in AI-driven knowledge management and enterprise search solutions. The firm offers a cloud-native platform designed to help organizations surface, organize and analyze unstructured data across multiple sources. By leveraging machine learning, natural language processing and knowledge graph techniques, Bullfrog AI enables users to discover relevant insights from documents, emails, databases and other repositories in real time.

The company’s flagship product is the Bullfrog Enterprise Intelligence Platform, which combines semantic search, contextual relevance ranking and generative AI capabilities.