Short Interest in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Declines By 42.0%

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 231,862 shares, a drop of 42.0% from the June 15th total of 399,479 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 213,863 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Bullfrog AI

An institutional investor recently bought a new position in Bullfrog AI stock. DRW Securities LLC purchased a new stake in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 102,062 shares of the company’s stock, valued at approximately $90,000. DRW Securities LLC owned approximately 0.89% of Bullfrog AI at the end of the most recent reporting period. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

Bullfrog AI Stock Performance

Shares of NASDAQ:BFRG traded down $0.01 during mid-day trading on Friday, hitting $0.62. 73,339 shares of the company traded hands, compared to its average volume of 5,585,916. The firm has a market cap of $11.49 million, a P/E ratio of -1.15 and a beta of -2.80. The firm’s 50 day simple moving average is $0.68 and its 200 day simple moving average is $0.72. Bullfrog AI has a 52-week low of $0.43 and a 52-week high of $2.04.

Bullfrog AI (NASDAQ:BFRG) last announced its earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. Equities research analysts expect that Bullfrog AI will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Bullfrog AI from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Bullfrog AI in a report on Monday, April 20th. Finally, Zacks Research raised shares of Bullfrog AI to a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

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.