Short Interest in TNL Mediagene (NASDAQ:TNMG) Increases By 156.2%
by Teresa Graham · The Cerbat GemTNL Mediagene (NASDAQ:TNMG – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 312,540 shares, an increase of 156.2% from the August 15th total of 121,981 shares. Based on an average daily trading volume, of 18,211,829 shares, the days-to-cover ratio is currently 0.0 days. Approximately 165.4% of the company’s stock are sold short.
TNL Mediagene Stock Performance
Shares of NASDAQ TNMG traded down $0.32 during midday trading on Tuesday, hitting $2.82. 48,346 shares of the company’s stock were exchanged, compared to its average volume of 662,031. The firm’s fifty day simple moving average is $3.44 and its 200-day simple moving average is $7.99. 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 current ratio of 0.50 and a quick ratio of 0.50.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Wall Street Zen raised shares of TNL Mediagene to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of TNL Mediagene in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.00.
View Our Latest Research Report on TNMG
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.