Blue Moon Metals Inc. (NASDAQ:BMM – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 622,394 shares, a growth of 70.6% from the June 30th total of 364,839 shares. Based on an average trading volume of 83,252 shares, the days-to-cover ratio is presently 7.5 days.
Blue Moon Metals Trading Down 1.1%
NASDAQ:BMM opened at $5.16 on Friday. The company’s 50-day simple moving average is $6.39. Blue Moon Metals has a fifty-two week low of $2.20 and a fifty-two week high of $8.63.
Analysts Set New Price Targets
Several equities analysts recently weighed in on BMM shares. Weiss Ratings restated a “sell (d-)” rating on shares of Blue Moon Metals in a report on Tuesday, June 16th. Maxim Group started coverage on shares of Blue Moon Metals in a report on Friday, June 12th. They set a “buy” rating and a $15.00 target price for the company. Finally, Wall Street Zen upgraded shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Blue Moon Metals currently has a consensus rating of “Hold” and a consensus target price of $15.00.
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