Global Mofy AI Limited (NASDAQ:GMM) Short Interest Down 45.4% in August

Global Mofy AI Limited (NASDAQ:GMM) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 64,739 shares, a drop of 45.4% from the August 15th total of 118,510 shares. Based on an average daily volume of 56,292 shares, the short-interest ratio is currently 1.2 days. Approximately 5.2% of the shares of the stock are short sold.

Global Mofy AI Stock Down 1.0%

NASDAQ GMM traded down $0.02 during trading hours on Wednesday, hitting $1.95. The company had a trading volume of 11,289 shares, compared to its average volume of 38,537. The firm’s 50 day moving average is $2.69 and its 200 day moving average is $28.79. Global Mofy AI has a fifty-two week low of $1.80 and a fifty-two week high of $114.00.

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

Analysts Set New Price Targets

Several research firms have issued reports on GMM. Wall Street Zen raised shares of Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings raised shares of Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.