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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a large drop in short interest during the month of 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. Approximately 4.3% of the shares of the company are short sold. Based on an average daily volume of 298,879 shares, the short-interest ratio is currently 0.2 days.

Global Mofy AI Price Performance

NASDAQ GMM traded up $2.72 on Friday, hitting $4.57. The stock had a trading volume of 137,853,299 shares, compared to its average volume of 2,924,738. Global Mofy AI has a one year low of $1.80 and a one year high of $164.50. The company’s 50-day moving average is $21.38 and its two-hundred day moving average is $49.65.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GMM. Wall Street Zen upgraded Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings cut Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.