Global Mofy AI Limited (NASDAQ:GMM) Shares Shorted: Short Interest Down 69.8% in October

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 4,977 shares, a decline of 69.8% from the September 30th total of 16,475 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 19,193 shares, the days-to-cover ratio is currently 0.3 days.

Global Mofy AI Stock Down 8.0%

Shares of Global Mofy AI stock traded down $0.09 on Friday, reaching $1.04. 16,407 shares of the company were exchanged, compared to its average volume of 1,414,938. Global Mofy AI has a 1-year low of $0.84 and a 1-year high of $97.50. The company’s 50-day moving average is $1.83 and its two-hundred day moving average is $30.47.

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

Wall Street Analyst Weigh In

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

About Global Mofy AI

Global Mofy AI Limited (NASDAQ: GMM) is a technology company focused on virtual content production and digital assets for applications involving artificial intelligence, extended reality and the metaverse. The company develops and provides digital content such as three-dimensional models, virtual characters, digital environments and other visual assets.

Its business includes the creation of virtual content for customers in areas such as advertising, entertainment, film and television, gaming, and branded digital experiences.