Taking this into account, Jefferies downgraded its Golden Ocean Group Limited [GOGL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Jefferies also remained covering GOGL and has increased its forecast on October 24, 2023 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on September 26, 2022. It rated GOGL as “a Hold” which previously was an “a Buy”.
Price Performance Review of GOGL
On Monday, Golden Ocean Group Limited [NASDAQ:GOGL] saw its stock fall -0.56% to $7.12. Over the last five days, the stock has lost -3.65%. Golden Ocean Group Limited shares have fallen nearly -20.54% since the year began. Nevertheless, the stocks have fallen -45.61% over the past one year. While a 52-week high of $15.77 was reached on 03/04/25, a 52-week low of $6.27 was recorded on 04/09/25. SMA at 50 days reached $8.33, while 200 days put it at $10.46.
Levels Of Support And Resistance For GOGL Stock
The 24-hour chart illustrates a support level at 7.02, which if violated will result in even more drops to 6.91. On the upside, there is a resistance level at 7.19. A further resistance level may holdings at 7.26. The Relative Strength Index (RSI) on the 14-day chart is 43.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.09%. Stochastics %K at 41.16% indicates the stock is a holding.
How much short interest is there in Golden Ocean Group Limited?
A steep rise in short interest was recorded in Golden Ocean Group Limited stocks on 2025-03-31, growing by 2.15 million shares to a total of 7.29 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.14 million shares. There was a rise of 29.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 21, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.
