Short Interest in Blue Gold Limited (NASDAQ:BGL) Drops By 50.9%

Blue Gold Limited (NASDAQ:BGL) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 44,466 shares, a decrease of 50.9% from the December 15th total of 90,635 shares. Based on an average daily trading volume, of 273,596 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 273,596 shares, the short-interest ratio is presently 0.2 days.

Blue Gold Price Performance

Shares of BGL opened at $2.41 on Friday. The stock’s 50 day moving average price is $3.37. Blue Gold has a one year low of $1.83 and a one year high of $166.50.

Hedge Funds Weigh In On Blue Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Rathbones Group PLC acquired a new position in Blue Gold during the third quarter worth about $107,000. Qube Research & Technologies Ltd purchased a new position in Blue Gold in the 3rd quarter worth approximately $303,000. Millennium Management LLC acquired a new position in shares of Blue Gold during the 3rd quarter worth approximately $107,000. Finally, Van ECK Associates Corp purchased a new stake in shares of Blue Gold in the third quarter valued at approximately $4,202,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blue Gold in a research report on Thursday, October 30th. Wall Street Zen raised Blue Gold from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Gold has an average rating of “Sell”.

Blue Gold Company Profile

Blue Gold Limited is a gold mining company developing a portfolio of assets anchored by the historic Bogoso Prestea Mine in the Ashanti region of Ghana. Blue Gold Limited, formerly known as Perception Capital Corp. IV, is based in NEW YORK.