Global Mofy AI Limited (NASDAQ:GMM) Stock Short Interest Drops 60.0%

Global Mofy AI Limited (NASDAQ:GMM) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 16,475 shares, a drop of 60.0% from the September 15th total of 41,148 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 22,607 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Several research firms have recently commented on GMM. Weiss Ratings reissued a “sell (d)” rating on shares of Global Mofy AI in a research note on Tuesday. Wall Street Zen upgraded Global Mofy AI to a “sell” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Global Mofy AI currently has a consensus rating of “Sell”.

Global Mofy AI Stock Performance

Shares of GMM stock traded down $0.14 during trading hours on Thursday, reaching $1.24. The company had a trading volume of 45,919 shares, compared to its average volume of 1,491,775. Global Mofy AI has a 1-year low of $1.10 and a 1-year high of $100.00. The company has a 50 day moving average of $2.21 and a 200 day moving average of $20.76.

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

About Global Mofy AI

Global Mofy AI, also known as Global Mofy Metaverse Limited, is a technology solutions company focused on virtual content production and digital asset development. The company uses artificial intelligence, computer-generated imagery and other digital technologies to create visual content and three-dimensional assets for businesses in the media, entertainment, advertising and related industries.

Its offerings include the development and licensing of 3D digital assets, virtual characters, digital environments and other computer-generated content.