Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Short Interest Down 54.9% in April

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 702,655 shares, a decrease of 54.9% from the April 15th total of 1,556,869 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average trading volume of 842,599 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Bullfrog AI

A number of institutional investors have recently added to or reduced their stakes in BFRG. J. Safra Sarasin Holding AG bought a new stake in Bullfrog AI in the 1st quarter worth about $191,000. DRW Securities LLC bought a new position in Bullfrog AI in the 4th quarter worth approximately $90,000. Finally, Anson Funds Management LP bought a new position in Bullfrog AI in the 3rd quarter worth approximately $113,000. 0.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BFRG shares. Wall Street Zen raised shares of Bullfrog AI to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bullfrog AI in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Bullfrog AI presently has a consensus rating of “Sell”.

Bullfrog AI Stock Down 4.0%

BFRG stock traded down $0.02 during trading on Friday, reaching $0.59. The stock had a trading volume of 273,112 shares, compared to its average volume of 499,423. Bullfrog AI has a one year low of $0.43 and a one year high of $2.04. The company’s 50 day moving average is $0.81 and its two-hundred day moving average is $0.84. The company has a market capitalization of $7.49 million, a price-to-earnings ratio of -1.10 and a beta of -3.00.

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

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.