Short Interest in TNL Mediagene (NASDAQ:TNMG) Increases By 222.8%

TNL Mediagene (NASDAQ:TNMG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 301,558 shares, an increase of 222.8% from the May 31st total of 93,429 shares. Approximately 20.0% of the company’s stock are short sold. Based on an average daily trading volume, of 672,953 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TNL Mediagene presently has an average rating of “Hold” and a consensus target price of $14.00.

TNL Mediagene Trading Up 0.4%

Shares of TNMG stock traded up $0.00 during mid-day trading on Friday, hitting $0.49. 29,241 shares of the stock traded hands, compared to its average volume of 553,060. The stock’s fifty day moving average is $0.77 and its two-hundred day moving average is $2.11. TNL Mediagene has a 52-week low of $0.46 and a 52-week high of $12.76. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50.

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.