Short Interest in Global Mofy AI Limited (NASDAQ:GMM) Expands By 142.8%

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 344,009 shares, an increase of 142.8% from the July 15th total of 141,660 shares. Currently, 27.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,411,971 shares, the days-to-cover ratio is currently 0.1 days.

Global Mofy AI Trading Down 1.2%

Shares of NASDAQ GMM traded down $0.04 during midday trading on Friday, hitting $2.87. The company’s stock had a trading volume of 42,081 shares, compared to its average volume of 1,896,925. Global Mofy AI has a 1-year low of $1.80 and a 1-year high of $161.75. The firm’s fifty day moving average price is $3.01 and its 200-day moving average price is $38.58.

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

Analyst Upgrades and Downgrades

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

About Global Mofy AI

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.