Short Interest in Blue Moon Metals Inc. (NASDAQ:BMM) Drops By 55.7%

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

Analyst Upgrades and Downgrades

BMM has been the topic of several recent analyst reports. Weiss Ratings initiated coverage on shares of Blue Moon Metals in a report on Thursday, March 19th. They issued a “sell (d-)” rating on the stock. Wall Street Zen upgraded shares of Blue Moon Metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Blue Moon Metals Stock Down 1.2%

NASDAQ:BMM traded down $0.09 during trading hours on Tuesday, hitting $7.52. The company had a trading volume of 48,788 shares, compared to its average volume of 106,311. The company’s 50-day simple moving average is $7.00. Blue Moon Metals has a 52 week low of $2.20 and a 52 week high of $8.63.