TNL Mediagene (NASDAQ:TNMG) Short Interest Down 17.3% in March

TNL Mediagene (NASDAQ:TNMG) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 98,864 shares, a drop of 17.3% from the February 26th total of 119,590 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 11,809 shares, the days-to-cover ratio is presently 8.4 days.

Analysts Set New Price Targets

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

TNL Mediagene Stock Performance

TNL Mediagene stock opened at $1.85 on Monday. The business has a 50 day simple moving average of $2.89 and a 200 day simple moving average of $4.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.38 and a current ratio of 0.38. TNL Mediagene has a one year low of $1.77 and a one year high of $26.40.

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.