Global Mofy AI Limited (NASDAQ:GMM) Short Interest Update

Global Mofy AI Limited (NASDAQ:GMM) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 64,739 shares, a drop of 45.4% from the August 15th total of 118,510 shares. Currently, 5.2% of the shares of the company are short sold. Based on an average daily volume of 56,292 shares, the days-to-cover ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GMM. Wall Street Zen raised Global Mofy AI to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings upgraded 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.com, Global Mofy AI has an average rating of “Sell”.

Global Mofy AI Price Performance

Shares of NASDAQ:GMM traded down $0.06 on Tuesday, reaching $1.94. The company’s stock had a trading volume of 35,418 shares, compared to its average volume of 1,675,611. The stock’s 50-day moving average is $2.68 and its two-hundred day moving average is $29.64. Global Mofy AI has a 52-week low of $1.80 and a 52-week high of $114.00.

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

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.