Global Mofy AI Limited (NASDAQ:GMM) Sees Large Drop in Short Interest

Global Mofy AI Limited (NASDAQ:GMM) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 118,510 shares, a decline of 65.6% from the July 30th total of 344,009 shares. Currently, 9.5% of the shares of the company are short sold. Based on an average trading volume of 96,615 shares, the days-to-cover ratio is currently 1.2 days.

Global Mofy AI Stock Down 5.5%

Global Mofy AI stock traded down $0.15 during mid-day trading on Friday, reaching $2.56. 15,611 shares of the company were exchanged, compared to its average volume of 1,785,715. Global Mofy AI has a twelve month low of $1.80 and a twelve month high of $161.75. The firm’s 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $34.58.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Global Mofy AI to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.