Blue Gold Limited (NASDAQ:BGL – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 263,805 shares, an increase of 70.7% from the May 31st total of 154,522 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 343,617 shares, the days-to-cover ratio is currently 0.8 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of Blue Gold from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on BGL
Blue Gold Stock Performance
Blue Gold (NASDAQ:BGL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported ($0.48) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Blue Gold will post -0.21 EPS for the current fiscal year.
Hedge Funds Weigh In On Blue Gold
Several institutional investors have recently bought and sold shares of BGL. HRT Financial LP bought a new stake in Blue Gold in the 4th quarter valued at $26,000. Jane Street Group LLC purchased a new position in shares of Blue Gold during the fourth quarter valued at about $26,000. Renaissance Technologies LLC purchased a new position in shares of Blue Gold during the first quarter valued at about $35,000. Quadrature Capital Ltd purchased a new position in shares of Blue Gold during the fourth quarter valued at about $65,000. Finally, Rathbones Group PLC bought a new stake in shares of Blue Gold in the third quarter worth about $107,000. 24.62% of the stock is owned by hedge funds and other institutional investors.
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.
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