Short Interest in Blue Moon Metals Inc. (NASDAQ:BMM) Increases By 83.5%

Blue Moon Metals Inc. (NASDAQ:BMM) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 364,839 shares, an increase of 83.5% from the June 15th total of 198,858 shares. Based on an average daily volume of 165,259 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

A number of equities analysts have commented on BMM shares. Wall Street Zen upgraded shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Moon Metals in a research report on Tuesday, June 16th. Finally, Maxim Group began coverage on Blue Moon Metals in a research note on Friday, June 12th. They issued a “buy” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Blue Moon Metals Trading Up 1.6%

Shares of BMM traded up $0.09 during mid-day trading on Friday, hitting $5.76. The stock had a trading volume of 69,504 shares, compared to its average volume of 107,572. The company’s fifty day moving average price is $6.69. Blue Moon Metals has a fifty-two week low of $2.20 and a fifty-two week high of $8.63.