THUMZUP MEDIA Corp (NASDAQ:DTCX) Stock Short Interest Rises 61.8%

THUMZUP MEDIA Corp (NASDAQ:DTCX) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 714,573 shares, a growth of 61.8% from the August 31st total of 441,623 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 256,671 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised THUMZUP MEDIA from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, THUMZUP MEDIA has an average rating of “Sell”.

THUMZUP MEDIA Stock Up 3.3%

THUMZUP MEDIA stock opened at $1.86 on Friday. The company has a 50 day moving average of $2.05 and a 200-day moving average of $2.18. THUMZUP MEDIA has a twelve month low of $1.51 and a twelve month high of $5.66. The stock has a market capitalization of $74.66 million, a PE ratio of -1.68 and a beta of 0.69.

THUMZUP MEDIA (NASDAQ:DTCX) last released its earnings results on Wednesday, August 12th. The company reported ($0.14) earnings per share for the quarter. THUMZUP MEDIA had a negative net margin of 195.52% and a negative return on equity of 27.02%. The business had revenue of $1.91 million during the quarter.

THUMZUP MEDIA Company Profile

Thumzup Media Corporation develops a social media marketing platform designed to help businesses promote their products and services through user-generated content. Its platform connects advertisers with social media users who can share approved promotional content and receive compensation for qualifying posts.

The company’s technology is intended to provide businesses with tools for creating and managing marketing campaigns, encouraging customer engagement, and expanding their presence across social media channels.