BFLY short interest declines, indicating growing optimism among investors

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Butterfly Network Inc shares valued at $214,313 were sold by Cashman Steve on Sep 04 ’25. At $1.50 per share, Cashman Steve sold 142,590 shares. The insider’s holdings dropped to 2,181,884 shares worth approximately $3.38 million following the completion of this transaction.

Also, Carlson Megan sold 13,803 shares, netting a total of over 20,746 in proceeds. Following the sale of shares at $1.50 each, the insider now holds 547,444 shares.

Before that, Caezza Nicholas had sold 1,724 shares from its account. In a trade valued at $2,622, the Deputy General Counsel traded Butterfly Network Inc shares for $1.52 each. Upon closing the transaction, the insider’s holdings decreased to 1,724 shares, worth approximately $0.36 million.

As published in a research note from Oppenheimer on August 01, 2025, Butterfly Network Inc [BFLY] has been rated down from an Outperform to a Perform. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of March 17, 2025, William Blair has initiated its “an Outperform” rating for BFLY. Earlier on September 10, 2024, Lake Street initiated its rating. Their recommendation was “a Buy” for BFLY stock.

Analyzing BFLY Stock Performance

On last trading session, Butterfly Network Inc [NYSE: BFLY] rose 3.33% to $1.55. The stock’s lowest price that day was $1.47, but it reached a high of $1.56 in the same session. During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, Butterfly Network Inc shares have dropped approximately -16.67%. Shares of the company reached a 52-week high of $4.9800 on 02/18/25 and a 52-week low of $1.3200 on 08/08/25.

Support And Resistance Levels for Butterfly Network Inc (BFLY)

According to the 24-hour chart, there is a support level at 1.4933, which, if violated, would cause prices to drop to 1.4367. In the upper region, resistance lies at 1.5833. The next price resistance is at 1.6167. RSI (Relative Strength Index) is 48.76 on the 14-day chart, showing neutral technical sentiment.

Is Butterfly Network Inc subject to short interest?

Stocks of Butterfly Network Inc saw a sharp steep in short interest on 2025-08-29 dropping by -3.23 million shares to 18.98 million. Data from Yahoo Finance shows that the short interest on 2025-07-31 was 22.2 million shares. A decline of -17.01% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.96 of the overall float, the days-to-cover ratio (short ratio) decline to 4.96.

Which companies own the most shares of Butterfly Network Inc (BFLY)?

In terms of Butterfly Network Inc share price expectations, FactSet research, analysts set an average price target of 2 in the next 12 months, up nearly 33.33% from the previous closing price of $1.5. Analysts anticipate Butterfly Network Inc stock to reach 2 by 2025, with the lowest price target being 2. In spite of this, 2 analysts ranked Butterfly Network Inc stock as Buy at the end of 2025. On March 29, 2023, UBS assigned a price target of “a Neutral” to the stock and initiated coverage with a $2.25.

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