Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Sees Large Drop in Short Interest

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

Bullfrog AI Price Performance

Shares of BFRG traded down $0.02 during mid-day trading on Thursday, reaching $0.67. 33,251 shares of the company’s stock were exchanged, compared to its average volume of 5,626,514. The stock has a market capitalization of $12.44 million, a PE ratio of -1.24 and a beta of -2.80. The business’s fifty 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 issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. Equities research analysts predict that Bullfrog AI will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on BFRG shares. 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 reaffirmed a “sell (e+)” rating on shares of Bullfrog AI in a research note on Monday, April 20th. Finally, Zacks Research raised Bullfrog AI to a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bullfrog AI currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Bullfrog AI

A hedge fund recently bought a new stake in Bullfrog AI stock. DRW Securities LLC acquired a new position in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 reporting period. Institutional investors and hedge funds own 0.96% of the company’s stock.

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.