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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 118,510 shares, a decline 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 company are short sold.

Analysts Set New Price Targets

GMM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Global Mofy AI to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Global Mofy AI has an average rating of “Sell”.

Global Mofy AI Trading Down 5.5%

NASDAQ:GMM traded down $0.15 during trading hours on Friday, hitting $2.56. The company’s stock had a trading volume of 15,611 shares, compared to its average volume of 1,785,715. The business’s 50-day moving average is $2.79 and its two-hundred day moving average is $34.58. 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 issued its earnings results on Wednesday, July 29th. The company reported ($35.11) EPS for the quarter. The business had revenue of $19.97 million for the quarter.

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.