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

Global Mofy AI Limited (NASDAQ:GMM) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,977 shares, a drop of 69.8% from the September 30th total of 16,475 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 19,193 shares, the short-interest ratio is presently 0.3 days.

Global Mofy AI Trading Up 3.7%

Shares of GMM stock traded up $0.04 on Thursday, hitting $1.13. The company’s stock had a trading volume of 19,607 shares, compared to its average volume of 26,282. Global Mofy AI has a fifty-two week low of $0.84 and a fifty-two week high of $97.50. The stock’s 50 day moving average is $1.83 and its 200-day moving average is $30.47.

Global Mofy AI (NASDAQ:GMM) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($35.11) earnings per share for the quarter. The business had revenue of $19.97 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Global Mofy AI in a report on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Global Mofy AI Company Profile

Global Mofy AI Limited (NASDAQ: GMM) is a technology company focused on virtual content production and digital assets for applications involving artificial intelligence, extended reality and the metaverse. The company develops and provides digital content such as three-dimensional models, virtual characters, digital environments and other visual assets.

Its business includes the creation of virtual content for customers in areas such as advertising, entertainment, film and television, gaming, and branded digital experiences.