Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) Sees Large Increase in Short Interest

Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 339,500 shares, a growth of 18.7% from the March 15th total of 286,000 shares. Based on an average trading volume of 820,100 shares, the days-to-cover ratio is presently 0.4 days. Currently, 5.0% of the company’s shares are sold short.

Insider Activity

In related news, CEO Vininder Singh sold 27,958 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $1.44, for a total transaction of $40,259.52. Following the completion of the transaction, the chief executive officer now directly owns 2,348,341 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 33.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bullfrog AI

A number of hedge funds have recently bought and sold shares of BFRG. Raymond James Financial Inc. bought a new position in shares of Bullfrog AI in the 4th quarter valued at about $30,000. Two Sigma Securities LLC purchased a new stake in shares of Bullfrog AI during the fourth quarter worth about $41,000. Finally, Geode Capital Management LLC increased its holdings in shares of Bullfrog AI by 31.0% in the fourth quarter. Geode Capital Management LLC now owns 47,093 shares of the company’s stock valued at $94,000 after purchasing an additional 11,140 shares during the period. Institutional investors own 0.96% of the company’s stock.

Bullfrog AI Stock Down 1.2 %

NASDAQ BFRG traded down $0.02 on Tuesday, hitting $1.64. The company’s stock had a trading volume of 44,754 shares, compared to its average volume of 385,138. Bullfrog AI has a 1-year low of $1.23 and a 1-year high of $4.84. The firm has a market cap of $15.44 million, a PE ratio of -1.94 and a beta of 0.77. The company’s 50-day moving average is $2.02 and its 200 day moving average is $2.24.

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

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.