TNL Mediagene (NASDAQ:TNMG) Sees Significant Growth in Short Interest

TNL Mediagene (NASDAQ:TNMG) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 1,491,811 shares, an increase of 394.7% from the June 15th total of 301,558 shares. Based on an average daily volume of 32,339,086 shares, the short-interest ratio is presently 0.0 days. Currently, 98.9% of the shares of the stock are short sold.

TNL Mediagene Trading Down 11.9%

Shares of NASDAQ:TNMG traded down $0.05 during trading on Monday, hitting $0.38. 430,993 shares of the company were exchanged, compared to its average volume of 3,176,627. TNL Mediagene has a 1-year low of $0.36 and a 1-year high of $12.76. 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 business’s 50 day moving average is $0.66 and its 200-day moving average is $1.83.

Wall Street Analyst Weigh In

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

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.