Blue Gold Limited (NASDAQ:BGL – Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 90,635 shares, a growth of 498.8% from the November 30th total of 15,135 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 282,137 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 282,137 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on BGL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Blue Gold in a report on Thursday, October 30th. Wall Street Zen raised shares of Blue Gold from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Analysis on BGL
Blue Gold Stock Performance
Institutional Investors Weigh In On Blue Gold
A number of hedge funds have recently made changes to their positions in BGL. Rathbones Group PLC purchased a new stake in shares of Blue Gold in the 3rd quarter valued at $107,000. Millennium Management LLC bought a new position in shares of Blue Gold during the third quarter valued at about $107,000. Qube Research & Technologies Ltd purchased a new position in shares of Blue Gold in the third quarter worth about $303,000. Finally, Van ECK Associates Corp bought a new stake in shares of Blue Gold in the 3rd quarter valued at about $4,202,000. 24.62% of the stock is currently owned by institutional investors.
About Blue Gold
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.
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