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

TNL Mediagene (NASDAQ:TNMG) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 98,864 shares, a decline of 17.3% from the February 26th total of 119,590 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average trading volume of 11,809 shares, the short-interest ratio is presently 8.4 days.

TNL Mediagene Price Performance

Shares of NASDAQ:TNMG traded up $0.17 during midday trading on Tuesday, reaching $1.81. The company had a trading volume of 5,046 shares, compared to its average volume of 527,422. The company has a fifty day simple moving average of $2.84 and a two-hundred day simple moving average of $4.48. TNL Mediagene has a 1-year low of $1.63 and a 1-year high of $26.40. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TNMG shares. Wall Street Zen lowered shares of TNL Mediagene from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, December 18th. Finally, Benchmark lifted their price target on shares of TNL Mediagene to $14.00 and gave the stock a “speculative buy” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TNL Mediagene currently has a consensus rating of “Hold” and an average 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.