Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) Short Interest Update

Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 501,500 shares, a growth of 47.7% from the March 31st total of 339,500 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 7.3% of the company’s stock are sold short.

Bullfrog AI Stock Performance

NASDAQ:BFRG opened at $1.81 on Wednesday. The stock has a market capitalization of $17.04 million, a P/E ratio of -2.13 and a beta of 0.77. The company’s 50-day simple moving average is $1.81 and its 200-day simple moving average is $2.21. Bullfrog AI has a fifty-two week low of $1.23 and a fifty-two week high of $4.84.

Bullfrog AI (NASDAQ:BFRG) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.18) earnings per share (EPS) for the quarter.

Insider Activity

In related news, CEO Vininder Singh sold 27,958 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $1.44, for a total transaction of $40,259.52. Following the sale, the chief executive officer now owns 2,348,341 shares of the company’s stock, valued at $3,381,611.04. This trade 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 available through this link. Company insiders own 33.90% of the company’s stock.

Institutional Investors Weigh In On Bullfrog AI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings 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 valued at $94,000 after acquiring an additional 11,140 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bullfrog AI during the 4th quarter valued at approximately $30,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Bullfrog AI in the fourth quarter worth $41,000. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

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.