Short Interest in TNL Mediagene (NASDAQ:TNMG) Declines By 56.4%

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

TNL Mediagene Price Performance

TNMG traded up $0.03 on Monday, hitting $0.49. 337,092 shares of the company’s stock were exchanged, compared to its average volume of 5,569,832. TNL Mediagene has a twelve month low of $0.31 and a twelve month high of $12.28. The stock has a fifty day moving average of $0.46 and a two-hundred day moving average of $1.19. 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 Analysts Forecast Growth

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

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.