Blue Gold Limited (NASDAQ:BGL) Short Interest Update

Blue Gold Limited (NASDAQ:BGL) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 941,751 shares, a growth of 30.8% from the February 12th total of 720,252 shares. Based on an average daily volume of 985,658 shares, the days-to-cover ratio is presently 1.0 days. Currently, 3.8% of the company’s stock are sold short. Currently, 3.8% of the company’s stock are sold short. Based on an average daily volume of 985,658 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Blue Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Rathbones Group PLC bought a new position in shares of Blue Gold in the 3rd quarter worth about $107,000. Millennium Management LLC acquired a new stake in Blue Gold during the third quarter worth about $107,000. Jane Street Group LLC bought a new position in Blue Gold in the fourth quarter worth about $26,000. HRT Financial LP acquired a new position in Blue Gold in the fourth quarter valued at approximately $26,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Blue Gold during the third quarter valued at approximately $303,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on BGL. Wall Street Zen raised shares of Blue Gold from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blue Gold in a report on Tuesday, January 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Blue Gold Price Performance

BGL stock opened at $1.51 on Tuesday. The stock’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $5.08. Blue Gold has a 12-month low of $1.43 and a 12-month high of $166.50.

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.