Global Mofy AI Limited (NASDAQ:GMM) Short Interest Down 86.8% in June

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 53,933 shares, a decline of 86.8% from the June 15th total of 409,061 shares. Based on an average daily trading volume, of 298,879 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.3% of the company’s stock are sold short.

Global Mofy AI Stock Performance

Shares of Global Mofy AI stock traded up $2.72 on Friday, hitting $4.57. 137,853,299 shares of the company’s stock traded hands, compared to its average volume of 2,924,738. Global Mofy AI has a 52-week low of $1.80 and a 52-week high of $164.50. The firm’s 50-day moving average is $21.38 and its 200 day moving average is $49.65.

Analyst Ratings Changes

Several brokerages have recently weighed in on GMM. Wall Street Zen upgraded Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings cut Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 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.