Blue Gold Limited (NASDAQ:BGL) Short Interest Update

Blue Gold Limited (NASDAQ:BGL) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 59,487 shares, an increase of 33.8% from the December 31st total of 44,466 shares. Based on an average daily volume of 254,764 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 254,764 shares, the days-to-cover ratio is presently 0.2 days.

Blue Gold Price Performance

Blue Gold stock traded up $0.05 on Tuesday, hitting $2.80. The company’s stock had a trading volume of 51,341 shares, compared to its average volume of 2,968,427. Blue Gold has a one year low of $1.83 and a one year high of $166.50. The firm has a fifty day simple moving average of $2.99.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Blue Gold

Large investors have recently modified their holdings of the stock. Millennium Management LLC bought a new position in Blue Gold during the 3rd quarter valued at about $107,000. Rathbones Group PLC acquired a new position in Blue Gold during the 3rd quarter worth $107,000. Qube Research & Technologies Ltd bought a new position in Blue Gold in the third quarter valued at about $303,000. Finally, Van ECK Associates Corp bought a new position in shares of Blue Gold in the 3rd quarter valued at about $4,202,000. 24.62% of the stock is currently owned by institutional investors.

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.