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

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) was the recipient of a significant 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. Currently, 7.4% of the shares of the stock are sold short.

Bullfrog AI Stock Down 1.6%

Bullfrog AI stock traded down $0.01 during mid-day trading on Friday, hitting $0.61. The company’s stock had a trading volume of 111,949 shares, compared to its average volume of 7,998,234. The stock has a market capitalization of $7.67 million, a P/E ratio of -0.96 and a beta of -3.00. Bullfrog AI has a twelve month low of $0.43 and a twelve month high of $2.04. The stock’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $0.84.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG acquired a new position in Bullfrog AI in the first quarter worth approximately $191,000. DRW Securities LLC acquired a new position in Bullfrog AI in the fourth quarter worth approximately $90,000. Finally, Anson Funds Management LP acquired a new position in Bullfrog AI in the third quarter worth approximately $113,000. Institutional investors and hedge funds own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BFRG. Weiss Ratings reissued a “sell (e+)” rating on shares of Bullfrog AI in a report on Monday, April 20th. Wall Street Zen raised Bullfrog AI to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Bullfrog AI Company Profile

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.