Global Mofy AI Limited (NASDAQ:GMM) Short Interest Down 45.4% in August

Global Mofy AI Limited (NASDAQ:GMMGet Free Report) 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 trading volume, of 56,292 shares, the short-interest ratio is presently 1.2 days. Approximately 5.2% of the company’s shares are short sold.

Global Mofy AI Stock Up 0.9%

NASDAQ GMM traded up $0.02 on Thursday, reaching $1.97. The company had a trading volume of 7,847 shares, compared to its average volume of 1,656,900. Global Mofy AI has a 1 year low of $1.80 and a 1 year high of $114.00. The firm has a 50-day moving average of $2.69 and a 200-day moving average of $28.79.

Global Mofy AI (NASDAQ:GMMGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($35.11) earnings per share (EPS) for the quarter. The firm had revenue of $19.97 million for the quarter.

Analyst Upgrades and Downgrades

GMM has been the subject of several research reports. Wall Street Zen upgraded shares of Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. 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. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Global Mofy AI presently has an average rating of “Sell”.

Check Out Our Latest Report on Global Mofy AI

About Global Mofy AI

(Get Free Report)

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.

Further Reading

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