Blue Gold Limited (NASDAQ:BGL) Short Interest Update

Blue Gold Limited (NASDAQ:BGL) was the target of a significant increase in short interest during 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. Based on an average daily volume of 343,617 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the stock are sold short.

Blue Gold Price Performance

NASDAQ:BGL opened at $0.26 on Friday. Blue Gold has a 12 month low of $0.24 and a 12 month high of $161.00. The company’s 50 day moving average is $0.72 and its 200-day moving average is $1.60.

Blue Gold (NASDAQ:BGL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.48) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Blue Gold will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Blue Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. HRT Financial LP bought a new position in shares of Blue Gold in the fourth quarter worth about $26,000. Jane Street Group LLC acquired a new stake in Blue Gold in the 4th quarter valued at approximately $26,000. Renaissance Technologies LLC acquired a new stake in Blue Gold in the 1st quarter valued at approximately $35,000. Quadrature Capital Ltd bought a new position in Blue Gold in the 4th quarter worth approximately $65,000. Finally, Rathbones Group PLC bought a new position in Blue Gold in the 3rd quarter worth approximately $107,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Blue Gold from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, May 8th. One 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.