TNL Mediagene (NASDAQ:TNMG) Short Interest Up 156.2% in August

TNL Mediagene (NASDAQ:TNMG) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 312,540 shares, a growth of 156.2% from the August 15th total of 121,981 shares. Currently, 165.4% of the shares of the company are sold short. Based on an average daily trading volume, of 18,211,829 shares, the short-interest ratio is currently 0.0 days.

TNL Mediagene Trading Down 6.5%

Shares of TNMG stock traded down $0.22 on Monday, reaching $3.14. 26,943 shares of the stock were exchanged, compared to its average volume of 1,317,530. TNL Mediagene has a twelve month low of $2.45 and a twelve month high of $98.21. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50. The business’s 50 day moving average price is $3.46 and its 200 day moving average price is $8.15.

Wall Street Analyst Weigh In

Several analysts have commented on TNMG shares. Wall Street Zen raised TNL Mediagene to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.00.

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.