Global Mofy AI Limited (NASDAQ:GMM) Short Interest Update

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 344,009 shares, an increase of 142.8% from the July 15th total of 141,660 shares. Currently, 27.5% of the company’s shares are sold short. Based on an average daily volume of 4,411,971 shares, the days-to-cover ratio is currently 0.1 days.

Global Mofy AI Price Performance

Shares of GMM stock traded down $0.04 on Friday, hitting $2.87. The stock had a trading volume of 42,081 shares, compared to its average volume of 1,896,925. The stock’s 50 day moving average is $3.01 and its 200-day moving average is $38.58. Global Mofy AI has a 52-week low of $1.80 and a 52-week high of $161.75.

Global Mofy AI (NASDAQ:GMM) last announced its earnings results on Wednesday, July 29th. The company reported ($35.11) earnings per share (EPS) for the quarter. The firm had revenue of $19.97 million during the quarter.

Analyst Ratings Changes

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