Short Interest in TNL Mediagene (NASDAQ:TNMG) Grows By 156.2%

TNL Mediagene (NASDAQ:TNMG) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 312,540 shares, an increase of 156.2% from the August 15th total of 121,981 shares. Currently, 165.4% of the company’s stock are sold short. Based on an average daily trading volume, of 18,211,829 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

TNMG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. Wall Street Zen raised shares of TNL Mediagene to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $112.00.

TNL Mediagene Price Performance

Shares of TNL Mediagene stock opened at $3.36 on Friday. TNL Mediagene has a 52-week low of $2.45 and a 52-week high of $98.21. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50. The stock’s 50-day simple moving average is $3.46 and its 200 day simple moving average is $8.25.

TNL Mediagene Company Profile

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.