Short Interest in Blue Gold Limited (NASDAQ:BGL) Rises By 33.8%

Blue Gold Limited (NASDAQ:BGL) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 59,487 shares, a growth of 33.8% from the December 31st total of 44,466 shares. Based on an average daily trading volume, of 254,764 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 254,764 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Blue Gold

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new stake in Blue Gold in the 3rd quarter valued at $4,202,000. Qube Research & Technologies Ltd bought a new stake in Blue Gold during the third quarter worth $303,000. Millennium Management LLC acquired a new stake in Blue Gold in the third quarter valued at $107,000. Finally, Rathbones Group PLC acquired a new stake in Blue Gold in the third quarter valued at $107,000. Institutional investors own 24.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Blue Gold in a research note on Tuesday. Wall Street Zen upgraded shares of Blue Gold from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Blue Gold Stock Performance

NASDAQ:BGL traded down $0.18 during trading hours on Friday, hitting $2.88. 541,551 shares of the stock were exchanged, compared to its average volume of 3,213,495. The company’s 50 day moving average is $3.01. Blue Gold has a twelve month low of $1.83 and a twelve 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.