Global Mofy AI Limited (NASDAQ:GMM) Sees Large Increase in Short Interest

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 177,948 shares, a growth of 197.9% from the April 30th total of 59,727 shares. Based on an average daily volume of 2,167,953 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the shares of the company are short sold.

Global Mofy AI Trading Down 8.7%

Shares of NASDAQ:GMM traded down $0.01 during mid-day trading on Friday, reaching $0.14. 20,420,742 shares of the company traded hands, compared to its average volume of 13,030,841. The company’s 50 day moving average price is $1.21 and its 200-day moving average price is $1.29. Global Mofy AI has a 52 week low of $0.13 and a 52 week high of $3.29.

Analyst Ratings Changes

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