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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 344,009 shares, a growth of 142.8% from the July 15th total of 141,660 shares. Based on an average daily trading volume, of 4,411,971 shares, the short-interest ratio is presently 0.1 days. Currently, 27.5% of the shares of the company are sold short.

Global Mofy AI Stock Down 1.4%

Shares of GMM stock traded down $0.04 during mid-day trading on Friday, hitting $2.86. The stock had a trading volume of 51,283 shares, compared to its average volume of 2,737,814. The company’s 50-day simple moving average is $2.98 and its 200-day simple moving average is $38.33. Global Mofy AI has a fifty-two week low of $1.80 and a fifty-two week high of $161.75.

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

Wall Street Analysts Forecast Growth

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