Short Interest in Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) Decreases By 18.5%

Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 334,000 shares, a decline of 18.5% from the April 30th total of 409,900 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 445,600 shares, the days-to-cover ratio is presently 0.7 days.

Bullfrog AI Stock Performance

BFRG opened at $1.72 on Thursday. Bullfrog AI has a 52 week low of $1.23 and a 52 week high of $4.84. The company has a fifty day moving average price of $1.70 and a two-hundred day moving average price of $2.09. The firm has a market capitalization of $16.19 million, a PE ratio of -2.02 and a beta of 0.71.

Bullfrog AI (NASDAQ:BFRG) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.21) earnings per share for the quarter.

Insider Activity at Bullfrog AI

In other news, CEO Vininder Singh sold 27,958 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $1.44, for a total transaction of $40,259.52. Following the transaction, the chief executive officer now directly owns 2,348,341 shares in the company, valued at approximately $3,381,611.04. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 33.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bullfrog AI

Several institutional investors and hedge funds have recently made changes to their positions in BFRG. Raymond James Financial Inc. acquired a new stake in Bullfrog AI during the 4th quarter worth $30,000. Virtu Financial LLC acquired a new position in Bullfrog AI in the first quarter valued at about $34,000. Two Sigma Securities LLC bought a new stake in shares of Bullfrog AI in the fourth quarter worth about $41,000. Finally, Geode Capital Management LLC raised its position in shares of Bullfrog AI by 31.0% during the fourth quarter. Geode Capital Management LLC now owns 47,093 shares of the company’s stock worth $94,000 after purchasing an additional 11,140 shares during the period. Institutional investors and hedge funds own 0.96% of the company’s stock.

Bullfrog AI Company Profile

Bullfrog AI Holdings, Inc, through its subsidiaries, operates as a digital biopharmaceutical company that focuses on artificial intelligence and machine learning (AI/ML) driven analysis of data sets in medicine and healthcare in the United States. The company offers bfLEAP, an analytical AI/ML platform for the analysis of preclinical and/or clinical data.