Global Mofy AI Limited (NASDAQ:GMM) Short Interest Up 2,054.4% in May

Global Mofy AI Limited (NASDAQ:GMM) saw a large 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.

Analyst Upgrades and Downgrades

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

Global Mofy AI Trading Down 45.6%

Shares of Global Mofy AI stock opened at $0.06 on Thursday. The firm’s 50-day moving average is $1.03 and its 200 day moving average is $1.20. Global Mofy AI has a 1 year low of $0.06 and a 1 year high of $3.29.

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.