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

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. Based on an average trading volume of 120,217 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Bullfrog AI

An institutional investor recently bought a new stake in Bullfrog AI stock. J. Safra Sarasin Holding AG purchased a new position in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 113,720 shares of the company’s stock, valued at approximately $191,000. J. Safra Sarasin Holding AG owned approximately 0.90% of Bullfrog AI at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bullfrog AI in a report 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 note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Bullfrog AI Stock Performance

NASDAQ BFRG traded up $0.01 on Thursday, hitting $0.56. The stock had a trading volume of 23,201 shares, compared to its average volume of 5,245,611. The firm has a 50-day moving average of $0.67 and a 200-day moving average of $0.70. Bullfrog AI has a 52-week low of $0.43 and a 52-week high of $2.04. The company has a market capitalization of $10.48 million, a price-to-earnings ratio of -1.05 and a beta of -2.80.

Bullfrog AI (NASDAQ:BFRG) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. As a group, research analysts anticipate that Bullfrog AI will post -0.44 earnings per share for the current fiscal year.

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.