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

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

Global Mofy AI Trading Down 0.9%

NASDAQ GMM traded down $0.03 on Friday, reaching $2.79. The company had a trading volume of 33,944 shares, compared to its average volume of 740,345. The stock’s 50 day moving average is $35.94 and its 200-day moving average is $54.38. Global Mofy AI has a 52 week low of $2.50 and a 52 week high of $164.50.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Global Mofy AI 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.