Peering Into Bullfrog AI Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bullfrog AI Hldgs (NYSE:BFRG) has seen a 16.18% increase in short interest since the last report, with 89 thousand shares sold short, representing 3.59% of its float. It would take 1.73 days to cover these short positions. The rise in short interest suggests a more bearish market sentiment towards BFRG compared to its peers, which have an average short interest of 3.00% of float.
January 19, 2024 | 2:30 pm
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Bullfrog AI Hldgs's short interest has increased, suggesting bearish sentiment. However, high short interest can sometimes be bullish if a short squeeze occurs.
The increase in short interest for BFRG indicates that traders are expecting the price to fall, which could lead to a negative impact on the stock price in the short term. However, the confidence is not at 100 because sometimes high short interest can lead to a short squeeze if the stock unexpectedly moves higher, causing short sellers to buy shares to cover their positions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100