Blue Moon Metals Inc. (NASDAQ:BMM) Short Interest Up 70.6% in July

Blue Moon Metals Inc. (NASDAQ:BMM) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 622,394 shares, an increase of 70.6% from the June 30th total of 364,839 shares. Based on an average daily volume of 83,252 shares, the short-interest ratio is presently 7.5 days.

Blue Moon Metals Trading Up 1.4%

Shares of BMM stock opened at $5.22 on Friday. Blue Moon Metals has a 12 month low of $2.20 and a 12 month high of $8.63. The company’s 50-day moving average price is $6.42.

Analyst Ratings Changes

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