Short Interest in TNL Mediagene (NASDAQ:TNMG) Rises By 222.8%

TNL Mediagene (NASDAQ:TNMG) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 301,558 shares, a growth of 222.8% from the May 31st total of 93,429 shares. Currently, 20.0% of the shares of the company are short sold. Based on an average daily trading volume, of 672,953 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TNL Mediagene in a research report on Monday, April 6th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.00.

TNL Mediagene Stock Up 107.0%

Shares of TNMG stock opened at $1.01 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.87. The stock has a fifty day moving average price of $0.76 and a 200 day moving average price of $2.06. TNL Mediagene has a one year low of $0.46 and a one year high of $12.76.

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.