Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Short Interest Update

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 120,259 shares, a decline of 48.1% from the June 30th total of 231,862 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 120,217 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Bullfrog AI

A hedge fund recently bought a new position in Bullfrog AI stock. DRW Securities LLC purchased a new position in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 102,062 shares of the company’s stock, valued at approximately $90,000. DRW Securities LLC owned 0.89% of Bullfrog AI at the end of the most recent quarter. Institutional investors own 0.96% of the company’s stock.

Bullfrog AI Price Performance

BFRG stock traded down $0.01 during midday trading on Wednesday, hitting $0.58. 39,908 shares of the stock traded hands, compared to its average volume of 5,281,682. The firm has a market cap of $10.68 million, a P/E ratio of -1.07 and a beta of -2.80. The stock’s fifty day simple moving average is $0.67 and its 200-day simple moving average is $0.70. Bullfrog AI has a 1-year low of $0.43 and a 1-year high of $2.04.

Bullfrog AI (NASDAQ:BFRG) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. On average, research analysts predict that Bullfrog AI will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BFRG shares. Weiss Ratings restated a “sell (e+)” rating on shares of Bullfrog AI in a research note on Friday, July 17th. Zacks Research raised Bullfrog AI to a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded Bullfrog AI from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bullfrog AI currently has an average rating of “Reduce”.

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.