Short Interest in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Decreases By 54.9%

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) saw a large decline in short interest during the month of 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. Currently, 7.4% of the shares of the company are sold short. Based on an average daily volume of 842,599 shares, the short-interest ratio is presently 0.8 days.

Bullfrog AI Stock Performance

BFRG traded down $0.02 on Friday, reaching $0.59. The company had a trading volume of 273,112 shares, compared to its average volume of 499,423. Bullfrog AI has a fifty-two week low of $0.43 and a fifty-two week high of $2.04. The stock has a market cap of $7.49 million, a P/E ratio of -1.10 and a beta of -3.00. The company’s fifty day moving average is $0.81 and its 200 day moving average is $0.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BFRG. Anson Funds Management LP acquired a new position in Bullfrog AI in the 3rd quarter valued at about $113,000. DRW Securities LLC bought a new stake in Bullfrog AI in the 4th quarter valued at about $90,000. Finally, J. Safra Sarasin Holding AG bought a new stake in Bullfrog AI in the 1st quarter valued at about $191,000. Institutional investors and hedge funds own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Bullfrog AI in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Bullfrog AI to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Bullfrog AI currently has a consensus rating of “Sell”.

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.