Blue Gold Limited (NASDAQ:BGL – Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 44,466 shares, a drop of 50.9% from the December 15th total of 90,635 shares. Based on an average trading volume of 273,596 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 273,596 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On Blue Gold
Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Blue Gold in the 3rd quarter worth $107,000. Rathbones Group PLC bought a new position in shares of Blue Gold during the third quarter valued at about $107,000. Qube Research & Technologies Ltd bought a new stake in shares of Blue Gold in the 3rd quarter valued at 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. Institutional investors own 24.62% of the company’s stock.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Wall Street Zen raised Blue Gold from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Blue Gold in a research note on Thursday, October 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Blue Gold has an average rating of “Sell”.
Blue Gold Price Performance
Blue Gold stock opened at $2.25 on Friday. Blue Gold has a one year low of $1.83 and a one year high of $166.50. The stock has a fifty day moving average of $3.46.
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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