Global Mofy AI Limited (NASDAQ:GMM) Stock Short Interest Declines 60.0%

Global Mofy AI Limited (NASDAQ:GMM – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 16,475 shares, a decline of 60.0% from the September 15th total of 41,148 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 22,607 shares, the short-interest ratio is presently 0.7 days.

Global Mofy AI Price Performance

NASDAQ:GMM traded down $0.23 on Wednesday, hitting $1.38. The company had a trading volume of 43,934 shares, compared to its average volume of 1,499,110. Global Mofy AI has a 52 week low of $1.10 and a 52 week high of $100.00. The firm has a 50 day moving average of $2.24 and a two-hundred day moving average of $21.22.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GMM. Weiss Ratings reissued a “sell (d)” rating on shares of Global Mofy AI in a report on Tuesday. Wall Street Zen raised Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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Global Mofy AI Company Profile

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Global Mofy AI, also known as Global Mofy Metaverse Limited, is a technology solutions company focused on virtual content production and digital asset development. The company uses artificial intelligence, computer-generated imagery and other digital technologies to create visual content and three-dimensional assets for businesses in the media, entertainment, advertising and related industries.

Its offerings include the development and licensing of 3D digital assets, virtual characters, digital environments and other computer-generated content.

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