TNL Mediagene (NASDAQ:TNMG) Short Interest Down 17.3% in March

TNL Mediagene (NASDAQ:TNMG) saw a large 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. Approximately 6.6% of the shares of the company are short sold. Based on an average daily trading volume, of 11,809 shares, the short-interest ratio is currently 8.4 days.

TNL Mediagene Price Performance

Shares of TNMG opened at $1.85 on Monday. The stock’s 50-day moving average price is $2.89 and its 200 day moving average price is $4.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.38 and a current ratio of 0.38. TNL Mediagene has a 12-month low of $1.77 and a 12-month high of $26.40.

Analysts Set New Price Targets

Several research firms have recently weighed in on TNMG. Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, December 18th. Wall Street Zen lowered shares of TNL Mediagene from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Finally, Benchmark upped their target price on shares of TNL Mediagene to $14.00 and gave the company a “speculative buy” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.