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

Global Mofy AI Limited (NASDAQ:GMM) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 118,510 shares, a decline of 65.6% from the July 30th total of 344,009 shares. Currently, 9.5% of the company’s stock are sold short. Based on an average trading volume of 96,615 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

GMM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Global Mofy AI to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings raised Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Global Mofy AI Trading Down 5.5%

NASDAQ:GMM opened at $2.56 on Friday. Global Mofy AI has a 1 year low of $1.80 and a 1 year high of $161.75. The firm’s fifty day simple moving average is $2.77 and its 200 day simple moving average is $34.36.

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

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.