TNL Mediagene (NASDAQ:TNMG) Sees Significant Decline in Short Interest

TNL Mediagene (NASDAQ:TNMG) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 121,981 shares, a drop of 56.4% from the July 30th total of 279,799 shares. Based on an average daily volume of 25,985,809 shares, the days-to-cover ratio is currently 0.0 days. Approximately 8.1% of the company’s stock are sold short.

TNL Mediagene Stock Down 10.4%

TNMG stock traded down $0.05 during trading on Friday, hitting $0.47. 692,195 shares of the company’s stock were exchanged, compared to its average volume of 23,470,684. The business has a 50-day moving average price of $0.46 and a two-hundred day moving average price of $1.20. TNL Mediagene has a 52-week low of $0.31 and a 52-week high of $12.28. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.50 and a quick ratio of 0.50.

Wall Street Analyst Weigh In

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