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

Global Mofy AI Limited (NASDAQ:GMM) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,833,646 shares, an increase of 2,054.4% from the May 14th total of 177,948 shares. Based on an average daily volume of 28,740,940 shares, the short-interest ratio is presently 0.1 days. Approximately 6.2% of the company’s shares are sold short.

Global Mofy AI Stock Up 19.4%

NASDAQ:GMM traded up $0.02 during trading hours on Tuesday, hitting $0.11. The stock had a trading volume of 1,011,781,997 shares, compared to its average volume of 38,372,296. The business’s 50 day moving average is $1.06 and its 200-day moving average is $1.21. Global Mofy AI has a one year low of $0.08 and a one year high of $3.29.

Global Mofy AI shares are going to reverse split on Thursday, June 11th. The 1-50 reverse split was announced on Tuesday, June 9th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, June 10th.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Global Mofy AI from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.