Blue Moon Metals Inc. (NASDAQ:BMM) Sees Large Drop in Short Interest

Blue Moon Metals Inc. (NASDAQ:BMM) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 320,815 shares, a decrease of 55.7% from the April 30th total of 723,518 shares. Based on an average trading volume of 132,462 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

Several equities research analysts have commented on BMM shares. Weiss Ratings started coverage on Blue Moon Metals in a research note on Thursday, March 19th. They set a “sell (d-)” rating for the company. Wall Street Zen upgraded Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Blue Moon Metals Stock Up 1.1%

Shares of NASDAQ BMM opened at $7.69 on Friday. Blue Moon Metals has a 1-year low of $2.20 and a 1-year high of $8.63. The stock has a 50-day moving average of $6.99.