TNL Mediagene (NASDAQ:TNMG) Short Interest Down 16.2% in February

TNL Mediagene (NASDAQ:TNMG) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 119,590 shares, a decline of 16.2% from the February 12th total of 142,701 shares. Currently, 7.9% of the company’s stock are short sold. Based on an average trading volume of 9,898 shares, the days-to-cover ratio is currently 12.1 days. Based on an average trading volume of 9,898 shares, the days-to-cover ratio is currently 12.1 days. Currently, 7.9% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen lowered TNL Mediagene from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, December 18th. Finally, Benchmark boosted their target price on shares of TNL Mediagene to $14.00 and gave the company a “speculative buy” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

TNL Mediagene Stock Down 2.6%

Shares of TNMG opened at $2.26 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.38 and a quick ratio of 0.38. The business’s 50 day moving average price is $2.98 and its 200-day moving average price is $4.82. TNL Mediagene has a 52 week low of $1.94 and a 52 week high of $29.60.

About TNL Mediagene

TNL Mediagene engages in digital advertising, integrated marketing, marketing survey, artificial intelligence technology, data analysis, content service platform, and production of audio-visual programs. It operates media, technology, and digital studio businesses primarily in Japan and Taiwan. The company was founded on May 25, 2023 and is headquartered in Taipei, Taiwan.