Short Interest in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Grows By 58.1%

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 407,400 shares, an increase of 58.1% from the September 30th total of 257,700 shares. Currently, 6.3% of the shares of the company are sold short. Based on an average daily trading volume, of 217,700 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 217,700 shares, the short-interest ratio is currently 1.9 days. Currently, 6.3% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bullfrog AI in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bullfrog AI presently has an average rating of “Sell”.

Bullfrog AI Stock Down 9.4%

Shares of NASDAQ:BFRG opened at $1.16 on Tuesday. The business has a fifty day moving average of $1.36 and a two-hundred day moving average of $1.51. The stock has a market cap of $11.89 million, a P/E ratio of -1.53 and a beta of 0.52. Bullfrog AI has a 52-week low of $1.09 and a 52-week high of $4.84.

Bullfrog AI (NASDAQ:BFRG) last issued its earnings results on Wednesday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million during the quarter.

Hedge Funds Weigh In On Bullfrog AI

A hedge fund recently bought a new stake in Bullfrog AI stock. Virtu Financial LLC purchased a new position in shares of Bullfrog AI Holdings Inc. (NASDAQ:BFRG) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,504 shares of the company’s stock, valued at approximately $34,000. Virtu Financial LLC owned 0.22% of Bullfrog AI as of its most recent SEC filing. 0.96% of the stock is currently owned by institutional investors and hedge funds.

About Bullfrog AI

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.