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

Blue Moon Metals Inc. (NASDAQ:BMM) was the target of a significant decrease in short interest in 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BMM. Wall Street Zen upgraded Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings began coverage on Blue Moon Metals in a research report on Thursday, March 19th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Blue Moon Metals Trading Up 1.1%

Shares of NASDAQ:BMM opened at $7.69 on Friday. Blue Moon Metals has a 52-week low of $2.20 and a 52-week high of $8.63. The firm has a fifty day moving average of $6.99.