TNL Mediagene (NASDAQ:TNMG) Short Interest Down 56.4% in August

TNL Mediagene (NASDAQ:TNMG) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 121,981 shares, a decline of 56.4% from the July 30th total of 279,799 shares. Currently, 8.1% of the company’s stock are short sold. Based on an average trading volume of 25,985,809 shares, the short-interest ratio is presently 0.0 days.

TNL Mediagene Stock Performance

Shares of TNL Mediagene stock traded down $0.05 on Friday, reaching $0.47. 692,195 shares of the company were exchanged, compared to its average volume of 23,470,684. The stock’s 50 day moving average price is $0.46 and its 200-day moving average price is $1.20. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.50 and a current ratio of 0.50. TNL Mediagene has a 1-year low of $0.31 and a 1-year high of $12.28.

Wall Street Analyst Weigh In

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