Blue Moon Metals Inc. (NASDAQ:BMM) Short Interest Up 83.5% in June

Blue Moon Metals Inc. (NASDAQ:BMM) was the target of a significant 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 presently 2.2 days.

Analysts Set New Price Targets

BMM has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Blue Moon Metals in a research note on Tuesday, June 16th. Maxim Group initiated coverage on shares of 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. Finally, Wall Street Zen raised shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.00.

Blue Moon Metals Trading Down 7.5%

Shares of NASDAQ:BMM opened at $5.67 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 price of $6.71.