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

Global Mofy AI Limited (NASDAQ:GMM) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 177,948 shares, an increase of 197.9% from the April 30th total of 59,727 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 2,167,953 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Global Mofy AI currently has a consensus rating of “Sell”.

Global Mofy AI Stock Down 8.7%

Shares of GMM traded down $0.01 during mid-day trading on Friday, hitting $0.14. 20,420,742 shares of the stock were exchanged, compared to its average volume of 13,030,841. Global Mofy AI has a 52-week low of $0.13 and a 52-week high of $3.29. The firm has a 50-day moving average of $1.21 and a two-hundred day moving average of $1.29.

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.