Blue Gold Limited (NASDAQ:BGL) Short Interest Update

Blue Gold Limited (NASDAQ:BGL) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 720,252 shares, a decline of 15.6% from the January 29th total of 853,463 shares. Based on an average daily trading volume, of 353,425 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.9% of the company’s stock are sold short. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 353,425 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Blue Gold

Large investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of Blue Gold in the 4th quarter valued at about $65,000. Marshall Wace LLP grew its stake in Blue Gold by 195.3% in the fourth quarter. Marshall Wace LLP now owns 82,957 shares of the company’s stock valued at $159,000 after purchasing an additional 54,868 shares in the last quarter. Jane Street Group LLC bought a new position in Blue Gold in the fourth quarter valued at approximately $26,000. HRT Financial LP acquired a new position in shares of Blue Gold during the 4th quarter worth approximately $26,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Blue Gold during the 3rd quarter worth approximately $303,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Blue Gold Stock Performance

NASDAQ BGL opened at $1.89 on Thursday. The firm has a 50 day simple moving average of $2.51. Blue Gold has a 12-month low of $1.83 and a 12-month high of $166.50.

Analysts Set New Price Targets

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

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.