Blue Gold Limited (NASDAQ:BGL – Get Free Report) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 205,979 shares, a decline of 57.1% from the July 15th total of 480,265 shares. Based on an average daily volume of 316,816 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in BGL. Millennium Management LLC purchased a new stake in Blue Gold in the 3rd quarter worth approximately $107,000. Jane Street Group LLC purchased a new position in shares of Blue Gold during the 4th quarter valued at $26,000. HRT Financial LP acquired a new position in shares of Blue Gold in the fourth quarter worth $26,000. Renaissance Technologies LLC acquired a new position in shares of Blue Gold in the first quarter worth $35,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Blue Gold during the third quarter worth $303,000. Institutional investors and hedge funds own 24.62% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Blue Gold in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
Blue Gold Price Performance
Shares of BGL traded up $0.01 during trading hours on Friday, reaching $0.21. The company’s stock had a trading volume of 219,456 shares, compared to its average volume of 324,410. The company has a 50 day moving average of $0.28 and a two-hundred day moving average of $1.10. Blue Gold has a 1-year low of $0.18 and a 1-year high of $14.20.
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.
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