Blue Gold Limited (NASDAQ:BGL) Short Interest Up 498.8% in December

Blue Gold Limited (NASDAQ:BGL) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 90,635 shares, a growth of 498.8% from the November 30th total of 15,135 shares. Based on an average daily trading volume, of 282,137 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 282,137 shares, the short-interest ratio is presently 0.3 days.

Blue Gold Trading Down 1.1%

Shares of Blue Gold stock opened at $2.63 on Friday. The stock has a 50-day moving average price of $4.94. Blue Gold has a 12-month low of $2.57 and a 12-month high of $166.50.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Blue Gold from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blue Gold in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Blue Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new position in shares of Blue Gold during the third quarter worth approximately $4,202,000. Qube Research & Technologies Ltd purchased a new position in Blue Gold in the 3rd quarter worth $303,000. Millennium Management LLC purchased a new position in Blue Gold in the 3rd quarter worth $107,000. Finally, Rathbones Group PLC bought a new stake in Blue Gold in the third quarter worth $107,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

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.