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

Bullfrog AI Holdings, Inc. (NASDAQ:BFRG) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 756,800 shares, a growth of 60.2% from the January 31st total of 472,300 shares. Based on an average trading volume of 809,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 12.2% of the shares of the company are sold short.

Bullfrog AI Price Performance

NASDAQ BFRG opened at $2.09 on Friday. The business’s fifty day moving average is $2.51 and its 200-day moving average is $2.47. The stock has a market capitalization of $18.21 million, a price-to-earnings ratio of -2.46 and a beta of 0.18. Bullfrog AI has a one year low of $1.43 and a one year high of $4.84.

Hedge Funds Weigh In On Bullfrog AI

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 11,140 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Bullfrog AI in the fourth quarter worth $41,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Bullfrog AI in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 0.96% of the company’s stock.

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.