Global Mofy AI Limited (NASDAQ:GMM) Sees Significant Increase in Short Interest

Global Mofy AI Limited (NASDAQ:GMM – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 344,009 shares, a growth of 142.8% from the July 15th total of 141,660 shares. Based on an average daily volume of 4,411,971 shares, the days-to-cover ratio is currently 0.1 days. Approximately 27.5% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised 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 data from MarketBeat, the stock has an average rating of “Sell”.

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Global Mofy AI Stock Down 1.4%

Shares of GMM stock opened at $2.86 on Friday. The business’s fifty day moving average price is $2.98 and its 200 day moving average price is $38.33. Global Mofy AI has a 1-year low of $1.80 and a 1-year high of $161.75.

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

Global Mofy AI Company Profile

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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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