Blue Gold Limited (NASDAQ:BGL) Short Interest Update

Blue Gold Limited (NASDAQ:BGL) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 102,000 shares, a drop of 60.0% from the September 30th total of 254,900 shares. Based on an average daily trading volume, of 139,900 shares, the short-interest ratio is presently 0.7 days. Currently, 4.5% of the company’s shares are sold short. Currently, 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 139,900 shares, the short-interest ratio is presently 0.7 days.

Blue Gold Trading Down 5.5%

Shares of Blue Gold stock opened at $6.38 on Friday. The company has a 50 day moving average price of $9.36. Blue Gold has a 52-week low of $6.31 and a 52-week high of $166.50.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Blue Gold in a research report on Thursday. Wall Street Zen cut shares of Blue Gold from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Gold has an average rating of “Sell”.

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.