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

by · The Cerbat Gem

Bullfrog AI Holdings, Inc. (NASDAQ:BFRG – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 318,100 shares, a growth of 59.4% from the September 15th total of 199,600 shares. Based on an average daily trading volume, of 205,000 shares, the short-interest ratio is presently 1.6 days. Approximately 6.0% of the shares of the stock are sold short.

Insiders Place Their Bets

In related news, CEO Vininder Singh sold 14,405 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $2.65, for a total value of $38,173.25. Following the completion of the transaction, the chief executive officer now owns 2,478,041 shares of the company’s stock, valued at approximately $6,566,808.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 31,603 shares of company stock valued at $82,989. Corporate insiders own 33.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fortem Financial Group LLC acquired a new position in Bullfrog AI during the first quarter worth approximately $171,000. Renaissance Technologies LLC purchased a new stake in shares of Bullfrog AI during the 2nd quarter valued at $34,000. Finally, XTX Topco Ltd acquired a new stake in shares of Bullfrog AI during the 2nd quarter worth $32,000. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

Bullfrog AI Price Performance

BFRG traded down $0.06 during trading on Monday, hitting $2.64. The company’s stock had a trading volume of 63,509 shares, compared to its average volume of 932,932. Bullfrog AI has a twelve month low of $1.43 and a twelve month high of $8.35. The stock has a market cap of $20.73 million, a PE ratio of -3.07 and a beta of -0.21. The firm’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.66.

Bullfrog AI (NASDAQ:BFRG – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.20) EPS for the quarter.

About Bullfrog AI

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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.

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