Blue Gold Limited (NASDAQ:BGL) Sees Significant Increase in Short Interest

Blue Gold Limited (NASDAQ:BGL) was the recipient of a significant growth in short interest during the month of 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. Currently, 3.4% of the shares of the stock are sold short. Based on an average trading volume of 6,058,184 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 6,058,184 shares, the short-interest ratio is currently 0.1 days. Currently, 3.4% of the shares of the stock are sold short.

Analyst Ratings Changes

BGL has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Blue Gold in a research note on Tuesday, January 27th. Wall Street Zen raised Blue Gold from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Blue Gold

Large investors have recently bought and sold shares of the stock. Rathbones Group PLC bought a new position in Blue Gold in the 3rd quarter worth approximately $107,000. Millennium Management LLC bought a new stake in Blue Gold during the 3rd quarter worth about $107,000. Qube Research & Technologies Ltd acquired a new position in Blue Gold during the third quarter worth $303,000. Finally, Van ECK Associates Corp bought a new position in shares of Blue Gold during the 3rd quarter worth approximately $4,202,000. 24.62% of the stock is currently owned by institutional investors.

Blue Gold Price Performance

Shares of NASDAQ BGL traded down $0.28 during midday trading on Tuesday, reaching $2.55. The company’s stock had a trading volume of 284,589 shares, compared to its average volume of 2,500,152. Blue Gold has a one year low of $1.83 and a one year high of $166.50. The stock has a 50 day moving average price of $2.85.

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.