Short Interest in Global Mofy AI Limited (NASDAQ:GMM) Decreases By 89.3%

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 409,061 shares, a decrease of 89.3% from the May 31st total of 3,833,646 shares. Currently, 32.7% of the shares of the stock are sold short. Based on an average trading volume of 7,032,708 shares, the short-interest ratio is currently 0.1 days.

Global Mofy AI Price Performance

NASDAQ GMM opened at $2.63 on Friday. Global Mofy AI has a fifty-two week low of $2.50 and a fifty-two week high of $164.50. The business has a fifty day moving average of $34.48 and a 200-day moving average of $54.01.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of Global Mofy AI to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus 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.