Short Interest in Global Mofy AI Limited (NASDAQ:GMM) Increases By 197.9%

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 177,948 shares, a growth of 197.9% from the April 30th total of 59,727 shares. Based on an average trading volume of 2,167,953 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the shares of the stock are short sold.

Global Mofy AI Price Performance

Shares of NASDAQ:GMM traded down $0.01 during trading on Friday, reaching $0.14. 20,420,742 shares of the company’s stock traded hands, compared to its average volume of 13,030,841. Global Mofy AI has a fifty-two week low of $0.13 and a fifty-two week high of $3.29. The company has a 50-day simple moving average of $1.21 and a 200-day simple moving average of $1.29.

Analyst Ratings Changes

Separately, Weiss Ratings cut Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Global Mofy AI Company Profile

Global Mofy Metaverse Limited, through its subsidiaries, provides virtual content production, digital marketing, and digital assets development services for the metaverse industry in the People's Republic of China. It offers services for visual effect design, content development, production, and integration based on customers specific needs; and 3D rebuilt and artificial intelligence technologies using its Mofy Lab technology platform. The company also grants use right of digital assets for various applications, such as movies, TV series, AR/VR, animation, advertising, and gaming.