Global Mofy AI Limited (NASDAQ:GMM) Short Interest Down 89.3% in June

Global Mofy AI Limited (NASDAQ:GMM) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 409,061 shares, a decline of 89.3% from the May 31st total of 3,833,646 shares. Currently, 32.7% of the company’s shares are sold short. Based on an average daily trading volume, of 7,032,708 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GMM. Wall Street Zen upgraded shares of Global Mofy AI to a “sell” rating in a report on Saturday. Weiss Ratings raised shares of Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Global Mofy AI presently has a consensus rating of “Sell”.

Global Mofy AI Stock Performance

Shares of NASDAQ GMM traded down $0.19 during midday trading on Friday, hitting $2.63. The stock had a trading volume of 56,994 shares, compared to its average volume of 3,274,220. Global Mofy AI has a 1-year low of $2.50 and a 1-year high of $164.50. The company has a fifty day moving average price of $34.48 and a 200 day moving average price of $54.01.

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.