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

Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 400,000 shares, a drop of 9.6% from the July 15th total of 442,600 shares. Approximately 12.2% of the shares of the stock are short sold. Based on an average trading volume of 207,300 shares, the short-interest ratio is currently 1.9 days.

Bullfrog AI Trading Down 10.5 %

Shares of BFRG stock traded down $0.30 during trading hours on Friday, hitting $2.57. 56,710 shares of the company’s stock were exchanged, compared to its average volume of 1,147,971. The company has a market capitalization of $20.18 million, a PE ratio of -2.92 and a beta of -0.19. The business’s 50 day simple moving average is $2.37 and its 200-day simple moving average is $3.12. Bullfrog AI has a 12-month low of $1.43 and a 12-month high of $8.35.

Hedge Funds Weigh In On Bullfrog AI

Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Bullfrog AI during the second quarter valued at approximately $32,000. Renaissance Technologies LLC purchased a new position in shares of Bullfrog AI in the second quarter worth approximately $34,000. Finally, Fortem Financial Group LLC purchased a new stake in Bullfrog AI during the first quarter valued at approximately $171,000. 0.96% of the stock is owned by hedge funds and other institutional investors.

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.