Short Interest in Blue Gold Limited (NASDAQ:BGL) Increases By 1,334.7%

Blue Gold Limited (NASDAQ:BGLGet Free Report) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 853,463 shares, a growth of 1,334.7% from the January 15th total of 59,487 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 6,058,184 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 6,058,184 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BGL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Blue Gold in a report on Tuesday, January 27th. Wall Street Zen upgraded Blue Gold from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Blue Gold presently has an average rating of “Sell”.

Check Out Our Latest Analysis on BGL

Hedge Funds Weigh In On Blue Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp purchased a new stake in Blue Gold in the 3rd quarter valued at approximately $4,202,000. Qube Research & Technologies Ltd purchased a new stake in shares of Blue Gold in the third quarter valued at $303,000. Millennium Management LLC acquired a new stake in shares of Blue Gold during the third quarter valued at $107,000. Finally, Rathbones Group PLC acquired a new stake in shares of Blue Gold during the third quarter valued at $107,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Blue Gold Stock Down 9.9%

Shares of BGL opened at $2.55 on Wednesday. Blue Gold has a 52-week low of $1.83 and a 52-week high of $166.50. The company has a 50-day moving average of $2.85.

About Blue Gold

(Get Free Report)

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.

Further Reading

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