Bullfrog AI Holdings Inc. (NASDAQ:BFRG) Stock Short Interest Climbs 626.5%

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 739,209 shares, an increase of 626.5% from the September 15th total of 101,743 shares. Based on an average daily volume of 24,317,264 shares, the short-interest ratio is presently 0.0 days. Approximately 4.7% of the shares of the company are short sold.

Insiders Place Their Bets

In other Bullfrog AI news, CFO Joshua Blacher purchased 50,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average cost of $0.53 per share, with a total value of $26,500.00. Following the completion of the transaction, the chief financial officer owned 65,000 shares in the company, valued at $34,450. This trade represents a 333.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vininder Singh bought 75,000 shares of the stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average cost of $0.60 per share, for a total transaction of $45,000.00. Following the acquisition, the chief executive officer directly owned 2,442,446 shares in the company, valued at approximately $1,465,467.60. The trade was a 3.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 14.70% of the stock is currently owned by insiders.

Institutional Trading of Bullfrog AI

A hedge fund recently bought a new position in Bullfrog AI stock. J. Safra Sarasin Holding AG bought a new position in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 113,720 shares of the company’s stock, valued at approximately $191,000. J. Safra Sarasin Holding AG owned 0.90% of Bullfrog AI at the end of the most recent quarter. 0.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BFRG shares. Weiss Ratings raised shares of Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Wall Street Zen upgraded Bullfrog AI from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Zacks Research raised Bullfrog AI to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Bullfrog AI Stock Performance

BFRG opened at $0.65 on Friday. The company has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $0.69. The firm has a market capitalization of $11.98 million, a PE ratio of -1.40 and a beta of -2.73. Bullfrog AI has a 52 week low of $0.43 and a 52 week high of $1.96.

Bullfrog AI (NASDAQ:BFRG) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.21 million. Equities analysts forecast that Bullfrog AI will post -0.37 EPS for the current year.

About Bullfrog AI

BullFrog AI Holdings, Inc is a technology company focused on applying artificial intelligence and machine learning to the medical and healthcare industries. The company develops tools intended to help organizations analyze complex biomedical and clinical data, identify patterns, and support research and decision-making.

Its primary platform, bfLEAP, is designed to provide advanced data analysis and predictive analytics for pharmaceutical and biotechnology companies, medical institutions, and other healthcare-related organizations.