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

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a significant growth in short interest in the month of 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. Approximately 11.3% of the shares of the company are short sold. Based on an average trading volume of 14,306,775 shares, the days-to-cover ratio is presently 0.0 days.

Global Mofy AI Price Performance

NASDAQ:GMM traded up $0.19 on Wednesday, reaching $2.66. The company’s stock had a trading volume of 19,975,547 shares, compared to its average volume of 2,017,603. Global Mofy AI has a 12-month low of $1.80 and a 12-month high of $161.75. The stock has a 50 day moving average price of $6.41 and a 200 day moving average price of $44.61.

Global Mofy AI (NASDAQ:GMM) last issued its quarterly earnings data on Tuesday, July 28th. The company reported ($35.11) earnings per share (EPS) for the quarter. The company had revenue of $19.97 million during the quarter.

Analysts Set New Price Targets

GMM has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Global Mofy AI to a “sell” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.