Global Mofy AI Limited (NASDAQ:GMM) Sees Significant Growth in Short Interest

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 3,833,646 shares, a growth of 2,054.4% from the May 14th total of 177,948 shares. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 28,740,940 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Global Mofy AI Price Performance

Global Mofy AI stock traded up $0.02 during mid-day trading on Tuesday, hitting $0.11. The stock had a trading volume of 1,011,781,997 shares, compared to its average volume of 38,372,296. The stock has a 50-day simple moving average of $1.06 and a two-hundred day simple moving average of $1.21. Global Mofy AI has a 12 month low of $0.08 and a 12 month high of $3.29.

Global Mofy AI shares are set to reverse split before the market opens on Thursday, June 11th. The 1-50 reverse split was announced on Tuesday, June 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 10th.

About Global Mofy AI

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.