Blue Gold Limited (NASDAQ:BGL) Short Interest Down 52.4% in May

Posted by George Bondi on Jun 1st, 2026

Blue Gold Limited (NASDAQ:BGL – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 174,127 shares, a decline of 52.4% from the April 30th total of 366,147 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 420,016 shares, the days-to-cover ratio is currently 0.4 days.

Blue Gold Price Performance

BGL traded down $0.01 during trading hours on Monday, reaching $0.67. 283,317 shares of the company’s stock traded hands, compared to its average volume of 1,026,703. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $2.24. Blue Gold has a 52-week low of $0.63 and a 52-week high of $166.50.

Blue Gold (NASDAQ:BGL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.48) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Blue Gold will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Blue Gold

A number of institutional investors and hedge funds have recently bought and sold shares of BGL. Rathbones Group PLC bought a new stake in Blue Gold during the 3rd quarter valued at $107,000. Van ECK Associates Corp bought a new stake in Blue Gold during the 3rd quarter valued at $4,202,000. Millennium Management LLC bought a new stake in Blue Gold during the 3rd quarter valued at $107,000. Qube Research & Technologies Ltd bought a new stake in Blue Gold during the 3rd quarter valued at $303,000. Finally, HRT Financial LP bought a new stake in Blue Gold during the 4th quarter valued at $26,000. 24.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Blue Gold from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Gold currently has an average rating of “Sell”.

Check Out Our Latest Analysis on Blue Gold

Blue Gold Company Profile

(Get Free Report)

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.