Short Interest in TNL Mediagene (NASDAQ:TNMG) Declines By 26.1%

TNL Mediagene (NASDAQ:TNMG) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 141,913 shares, a drop of 26.1% from the December 31st total of 192,013 shares. Based on an average trading volume of 56,297 shares, the days-to-cover ratio is presently 2.5 days. Currently, 9.4% of the company’s shares are short sold. Currently, 9.4% of the company’s shares are short sold. Based on an average trading volume of 56,297 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

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

TNL Mediagene Price Performance

TNL Mediagene stock traded down $0.24 during mid-day trading on Friday, reaching $3.65. 71,654 shares of the company’s stock traded hands, compared to its average volume of 1,521,913. TNL Mediagene has a 12-month low of $1.94 and a 12-month high of $120.00. 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 stock has a 50 day moving average of $3.93 and a two-hundred day moving average of $6.20.

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.