Blue Gold Limited (NASDAQ:BGL – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 489,783 shares, a growth of 85.7% from the June 15th total of 263,805 shares. Based on an average daily trading volume, of 2,825,909 shares, the short-interest ratio is currently 0.2 days. Currently, 1.8% of the shares of the company are sold short.
Institutional Trading of Blue Gold
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new stake in shares of Blue Gold in the third quarter valued at approximately $303,000. Van ECK Associates Corp bought a new stake in Blue Gold in the third quarter valued at about $4,202,000. Quadrature Capital Ltd bought a new stake in shares of Blue Gold in the 4th quarter valued at about $65,000. Marshall Wace LLP raised its holdings in Blue Gold by 195.3% in the fourth quarter. Marshall Wace LLP now owns 82,957 shares of the company’s stock worth $159,000 after purchasing an additional 54,868 shares during the period. Finally, HRT Financial LP acquired a new stake in Blue Gold during the 4th quarter worth $26,000. Institutional investors own 24.62% of the company’s stock.
Blue Gold Trading Down 1.8%
Blue Gold stock opened at $0.21 on Friday. Blue Gold has a twelve month low of $0.20 and a twelve month high of $21.58. The firm’s 50 day moving average price is $0.53 and its two-hundred day moving average price is $1.41.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Blue Gold from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Blue Gold has a consensus rating of “Sell”.
Get Our Latest Analysis on Blue Gold
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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