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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 141,660 shares, a growth of 162.7% from the June 30th total of 53,933 shares. Based on an average daily trading volume, of 14,306,775 shares, the days-to-cover ratio is currently 0.0 days. Approximately 11.3% of the company’s stock are short sold.

Global Mofy AI Stock Down 8.5%

Shares of GMM stock traded down $0.23 during trading on Tuesday, reaching $2.47. 1,095,682 shares of the company’s stock were exchanged, compared to its average volume of 1,890,870. Global Mofy AI has a twelve month low of $1.80 and a twelve month high of $161.75. The firm’s fifty day moving average price is $7.81 and its 200-day moving average price is $45.10.

Global Mofy AI (NASDAQ:GMM) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($35.11) earnings per share (EPS) for the quarter. The business had revenue of $19.97 million during the quarter.

Analyst Ratings Changes

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