Global Mofy AI Limited (NASDAQ:GMM – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 409,061 shares, a drop of 89.3% from the May 31st total of 3,833,646 shares. Based on an average trading volume of 7,032,708 shares, the short-interest ratio is currently 0.1 days. Approximately 32.7% of the shares of the stock are sold short.
Global Mofy AI Trading Down 0.9%
GMM stock traded down $0.03 during mid-day trading on Friday, reaching $2.79. The company’s stock had a trading volume of 33,944 shares, compared to its average volume of 740,345. Global Mofy AI has a 12 month low of $2.50 and a 12 month high of $164.50. The business’s 50 day moving average price is $35.94 and its 200 day moving average price is $54.38.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Global Mofy AI presently 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.
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