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

Global Mofy AI Limited (NASDAQ:GMM) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 141,660 shares, a growth of 162.7% from the June 30th total of 53,933 shares. Based on an average trading volume of 14,306,775 shares, the days-to-cover ratio is currently 0.0 days. Currently, 11.3% of the shares of the company are short sold.

Global Mofy AI Stock Performance

Shares of NASDAQ:GMM traded down $0.07 on Monday, reaching $2.70. 84,323 shares of the company were exchanged, compared to its average volume of 1,898,246. Global Mofy AI has a 1-year low of $1.80 and a 1-year high of $161.75. The company has a 50-day moving average of $9.24 and a 200-day moving average of $45.58.

Analyst Ratings Changes

Several brokerages have weighed in on GMM. Weiss Ratings upgraded Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Global Mofy AI 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.