Blue Gold Limited (NASDAQ:BGL) Short Interest Update

Blue Gold Limited (NASDAQ:BGL) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 225,352 shares, a decrease of 35.1% from the March 31st total of 347,021 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 355,163 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blue Gold in a report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Blue Gold Stock Down 4.7%

Shares of NASDAQ:BGL opened at $1.01 on Thursday. Blue Gold has a 1 year low of $0.98 and a 1 year high of $166.50. The stock’s fifty day moving average price is $1.42 and its 200-day moving average price is $3.22.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BGL. HRT Financial LP bought a new position in Blue Gold in the fourth quarter valued at about $26,000. Jane Street Group LLC bought a new position in Blue Gold in the fourth quarter valued at about $26,000. Quadrature Capital Ltd bought a new position in Blue Gold in the fourth quarter valued at about $65,000. Millennium Management LLC bought a new position in Blue Gold in the third quarter valued at about $107,000. Finally, Rathbones Group PLC bought a new position in Blue Gold in the third quarter valued at about $107,000. Institutional investors own 24.62% of the company’s stock.

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.