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

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

TNL Mediagene Stock Performance

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.