Global Mofy AI Limited (NASDAQ:GMM) Short Interest Down 65.6% in August

Global Mofy AI Limited (NASDAQ:GMM) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 118,510 shares, a drop of 65.6% from the July 30th total of 344,009 shares. Based on an average trading volume of 96,615 shares, the days-to-cover ratio is presently 1.2 days. Currently, 9.5% of the shares of the stock are sold short.

Global Mofy AI Price Performance

Global Mofy AI stock traded down $0.15 during midday trading on Friday, hitting $2.56. 15,611 shares of the company’s stock were exchanged, compared to its average volume of 89,647. The stock has a 50-day moving average price of $2.77 and a two-hundred day moving average price of $34.36. Global Mofy AI has a 52-week low of $1.80 and a 52-week high of $161.75.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Global Mofy AI to a “sell” rating in a 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 report on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently 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.