Global Mofy AI Limited (NASDAQ:GMM) Sees Significant Decrease in Short Interest

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 53,933 shares, a drop of 86.8% from the June 15th total of 409,061 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average trading volume of 298,879 shares, the days-to-cover ratio is presently 0.2 days.

Global Mofy AI Stock Down 24.5%

Shares of Global Mofy AI stock traded down $1.12 on Monday, hitting $3.45. The stock had a trading volume of 2,760,978 shares, compared to its average volume of 8,029,550. Global Mofy AI has a one year low of $1.80 and a one year high of $164.50. The stock’s 50-day simple moving average is $20.17 and its two-hundred day simple moving average is $49.17.

Analyst Ratings Changes

Several equities analysts recently commented on GMM shares. Wall Street Zen raised shares of Global Mofy AI to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings lowered shares of Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.