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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 53,933 shares, a decrease of 86.8% from the June 15th total of 409,061 shares. Based on an average daily trading volume, of 298,879 shares, the short-interest ratio is presently 0.2 days. Approximately 4.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GMM shares. Wall Street Zen raised Global Mofy AI to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings downgraded Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Global Mofy AI Trading Down 24.5%

NASDAQ GMM traded down $1.12 during trading hours on Monday, hitting $3.45. 2,760,978 shares of the stock were exchanged, compared to its average volume of 8,029,550. Global Mofy AI has a 12-month low of $1.80 and a 12-month high of $164.50. The stock has a 50-day moving average of $20.17 and a 200 day moving average of $49.17.

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.