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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 141,660 shares, a growth of 162.7% from the June 30th total of 53,933 shares. Currently, 11.3% of the shares of the stock are short sold. Based on an average trading volume of 14,306,775 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GMM. Wall Street Zen upgraded Global Mofy AI to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings upgraded Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Global Mofy AI Price Performance

NASDAQ GMM traded down $0.07 during trading hours on Monday, reaching $2.70. The company’s stock had a trading volume of 84,323 shares, compared to its average volume of 1,898,246. Global Mofy AI has a fifty-two week low of $1.80 and a fifty-two week high of $161.75. The company’s 50-day moving average is $9.24 and its two-hundred day moving average is $45.58.

About Global Mofy AI

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.