Global Mofy AI Limited (NASDAQ:GMM – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,833,646 shares, a growth of 2,054.4% from the May 14th total of 177,948 shares. Currently, 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 28,740,940 shares, the days-to-cover ratio is presently 0.1 days.
Global Mofy AI Trading Down 45.9%
GMM stock traded down $0.05 on Wednesday, reaching $0.06. 54,345,643 shares of the company’s stock were exchanged, compared to its average volume of 16,821,541. The stock has a fifty day moving average of $1.06 and a 200-day moving average of $1.21. Global Mofy AI has a twelve month low of $0.06 and a twelve month high of $3.29.
Global Mofy AI’s stock is going to reverse split on Thursday, June 11th. The 1-50 reverse split was announced on Tuesday, June 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 10th.
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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.
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