Short Interest in TNL Mediagene (NASDAQ:TNMG) Declines By 89.3%

by · The Cerbat Gem

TNL Mediagene (NASDAQ:TNMG – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 160,157 shares, a drop of 89.3% from the June 30th total of 1,491,811 shares. Based on an average daily volume of 4,105,936 shares, the short-interest ratio is presently 0.0 days. Currently, 10.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, TNL Mediagene presently has a consensus rating of “Hold” and an average price target of $14.00.

Check Out Our Latest Research Report on TNL Mediagene

TNL Mediagene Stock Performance

TNMG traded down $0.03 during midday trading on Friday, hitting $0.37. 507,195 shares of the company traded hands, compared to its average volume of 18,968,816. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.50 and a quick ratio of 0.50. The company’s 50-day moving average is $0.57 and its 200 day moving average is $1.67. TNL Mediagene has a 52 week low of $0.31 and a 52 week high of $12.76.

About TNL Mediagene

(Get Free Report)

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.

See Also