Short Interest in TNL Mediagene (NASDAQ:TNMG) Rises By 74.7%

TNL Mediagene (NASDAQ:TNMG) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 279,799 shares, a growth of 74.7% from the July 15th total of 160,157 shares. Approximately 18.6% of the company’s shares are short sold. Based on an average daily volume of 2,996,523 shares, the days-to-cover ratio is currently 0.1 days.

TNL Mediagene Stock Performance

Shares of TNL Mediagene stock traded up $0.00 on Monday, hitting $0.39. 86,552 shares of the company’s stock traded hands, compared to its average volume of 4,623,009. The firm’s 50-day moving average price is $0.49 and its two-hundred day moving average price is $1.40. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50. TNL Mediagene has a one year low of $0.31 and a one year high of $12.28.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.