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

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 64,739 shares, a drop of 45.4% from the August 15th total of 118,510 shares. Based on an average daily volume of 56,292 shares, the days-to-cover ratio is currently 1.2 days. Approximately 5.2% of the shares of the company are short sold.

Global Mofy AI Trading Down 3.2%

NASDAQ:GMM traded down $0.06 during trading hours on Tuesday, hitting $1.94. The company’s stock had a trading volume of 35,418 shares, compared to its average volume of 1,675,611. The business’s 50-day moving average is $2.68 and its two-hundred day moving average is $29.64. Global Mofy AI has a 52-week low of $1.80 and a 52-week high of $114.00.

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

Analyst Ratings Changes

GMM has been the topic of several recent research reports. 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 shares of Global Mofy AI to a “sell” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Global Mofy AI currently has a consensus 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.